In the last Nifty Analysis, we discussed. Bulls are in bit strong side, as the weekly chart is also showing some critical changes in favor of bulls. On the upper side 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 gap up and continued to trade higher. But it failed to give EOD close above 11160 levels.
Yesterday Index opened on the weaker note and traded lower for the whole session.
In coming sessions, bulls need to hold 10835-10815 range for a bounce back.
On the other hand, bears need to protect 11036 levels for continuing this downside rally.
Nifty Intraday Trading Levels for 14th Aug
Resistance for today in Intraday is at 10980 above the move towards 11015/11060/11120 can seen.
While Support for today is likely to come at, 10900 below that move towards 10865/10820/10760 can be seen.
Note: Above mention Price projection & other Information are for educational purpose only.
The indices rallied last week, favored by a surge in banking stocks. A Clear sign