We discussed the last Nifty Analysis. Bulls are a bit strong, as the weekly chart also shows some critical changes in favour of bulls. On the upper side, a significant hurdle for bulls is at 11160, and on the lower side, bears need to move below 10820 for further decline.
On Friday, Nifty opened the gap up and continued to trade higher. But it failed to give EOD close above 11160 levels.
Yesterday, the Index opened on a weaker note and traded lower for the whole session.
Bulls need to hold the 10835-10815 range in coming sessions for a bounce back.
On the other hand, bears need to protect the 11036 levels to continue this downside rally.
Nifty Intraday Trading Levels for 14th Aug
Today’s Intraday resistance is at 10980, above which the move towards 11015/11060/11120 can be seen.
While Support for today is likely to come at 10900, below that, a move towards 10865/10820/10760 can be seen.
Note: The above-mentioned Price projection & other Information are for educational purposes only.
