In the last Nifty intraday technical Analysis, we discussed. The view is still the same 11710-11735 is Resistance, for now, above it we can see further smooth up move. The intermediate support is at 11609 below that we can expect a further decline.
Yesterday Nifty opened flat, but soon bears drag the Index towards the lower side.
At the EOD Nifty Index made the low around 11580 and gave the close below 11600 levels.
Nifty Trading near Crucial Support
We already discussed in our last couple of analysis that from 11710-11735 Nifty range, we see a dip.
Now, this fall in Index can become an excellent opportunity for creating long positions.
The Nifty 11550-11560 range is the significant support area for today trading session.
If Bulls failed to hold the range mentioned above, then decline towards 11450/11400 can be seen.
Nifty Intraday Technical Levels for 19 July
Support for today in Intraday is at 11580/11545/11470 & Resistance is at 11635/11670/11745.
Note: Above mention price projection & other Information are for educational purpose only.
Below 15735-760 zone Nifty Index is weak and can drop more. On the downside, the 15520-499 zone is the important Gann level zone, where Index
Even after a strong weekly close, Nifty & Bank Nifty opened gap down. Both tried to recover, made high near Gann levels, which we discussed