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