We discussed the last Nifty View. The short-term resistance for Nifty has now shifted to 11365 levels. Above that, we can expect a sustainable bounce from bulls. Near-term support is at the 11210-11200 area; below that, we can see the move towards 11140 levels.
On Friday, Nifty made a low of exactly 11210 and bounced almost 100 points.
Yesterday, the Index opened flat. But soon, bears came back and dragged the Nifty below the 11200 support level.
Nifty made the low of 11152 and closed below its 11200 support point.
As a close below 11200 suggests, the bears have the upper hand. Now, the Bulls need to close above 11290 to move towards 11365/11450 levels.
Nifty Intraday Trading Levels for 30 July
Today’s Intraday support is at 11145/11115/11040, and resistance is at 11215/11245/11320.
Note: The above-mentioned price projection & other Information are for educational purposes only.
