In the last Nifty Trading Analysis, we discussed. Nifty bulls need to break & sustain above 11185 for further rise. On the lower end, strong support is still at 10900 levels only. So, below that only we can again see some inexorable slide.
Yesterday Nifty opened flat, and after that bears drag the market towards the lower side. The complete move of yesterday was slow.
The 11000-10970 area will act short-term Critical support for the rest of this week below that we can see Nifty moving towards 10910/10840 levels.
The positional view is still the same for further up move Nifty bulls need to break & sustain above 11185 for a further rise.
The strong support on the lower side is at 10900 below we may again see bears charging back for rest of the cyclic fall.
Nifty Trading Levels for 21st Aug Intraday Session
Resistance for today in Intraday is at 11060 above the move towards 11095/11145/11200 can seen.
While Support for today is likely to come at, 10970 below that move towards 10935/10885/10830 can be seen.
Note: Above mention Price projection & other Information are for educational purpose only.
