In the last Nifty Analysis, we discussed. The view is still the same, till Nifty is holding 11461 levels, we can see a bounce back. We had already discussed the weight of level 11461 in our last post.
Yesterday Nifty opened gap-up. After some consolidation at crucial levels, Bulls take the Index towards 11600.
The positional view is still the same; If Bulls manage to hold 11461, we can again see a rise in Index.
If Nifty fails to hold the above mention level, then we can see it moving towards the more lower side.
The Primary Resistance on the upper side is at the level of 11765. But before that level 11655 can also give a tough fight to Nifty bulls.
Nifty Intraday Technical Analysis
The level to watch for Bears today in Intraday will be 11540, below it we can see Bears getting momentum.
The Key level to watch for Bulls in Intraday is at 11616. Above that, we can see bulls getting strength.
Nifty Intraday Technical Levels for 12th July
Support for today in Intraday is at 11560/11530/11450 & Resistance is at 11600/11630/11710.
Note: Above mention price projection & other Information are for educational purpose only.
Last week Nifty and Bank Nifty Index traded lower after striking a high on Monday. The Bank Index is trading in a weak zone. Bank