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Nifty Intraday Technical View for 23 Aug

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Updated On:

In the last Nifty Intraday Technical Analysis, we discussed. Nifty Bulls need to hold 10900 levels for a bounce-back, failing to do so will add some more pressure to the Index. Below 10900 we can see Nifty moving towards 10845/10770 levels. On the upper side, Primary resistance is at 11185, but for now, that is quite far.

Yesterday soon after opening Bears dragged the Nifty Index towards the lower levels and this continues for the whole day. Below 10900 Nifty did our both the targets.

Till Nifty is trading below 10890 bears are having the upper hand. On the lower side, we can see the 10670/10610/10490 levels.

Nifty Intraday Technical Trading Levels for 23rd Aug

Resistance for today in Intraday is at 10790 above the move towards 10825/10870/10950 can seen.

While Support for today is likely to come at, 10700 below that move towards 10665/10620/10540 can be seen.

Note: Above mention Price projection & other Information are for educational purpose only.

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About the Author

Divesh Jotwani is a Full-time trader in the Indian stock market. He has spent over 20+ years researching and discovering WD Gann's methods and applying them day in and out markets.