Subscribe and Get Our ‘Special Market Analysis Reports’ In Your Inbox.

In the last Nifty Analysis, we discussed. For further decline, we should strictly watch out the level 11400. On holding below that, we can see a further decline towards 11330/11200 levels. On the upper side, 11555 will act critical Resistance above that we can see a move towards 11630/11720.

On Tuesday Nifty Index opened gap-up and made the high around 11554.

It failed to break the mentioned resistance level of 11555, and in the result of it, Index fell 300 points.

Below 11400 support level, it made the low around 11247 levels and did our 1st target.

Now Nifty bulls need to trade above 11423 levels for getting the strength back. Above 11423 we can see a move towards 11510/11625 levels.

On the lower side, Nifty bears will get more strength 11270 for the move towards 11200/11080 levels.

Intraday Nifty Outlook / Trading Levels for 03rd Oct

Resistance for today in Intraday is at 11390 above the move towards 11430/11490/11600 can seen.

While Support for today is likely to come at, 11315 below that move towards 11275/11215/11105 can be seen.

Note: Above mention Price projection & other Information are for educational purpose only.

Related Topics

You may also like

The ice melting move of last week pushes the Index towards one month lower levels.  Nifty Breaks The Last 11185 Swing Low and ended the week with 454 points loss. ...Read more

The volatility stands high. During such times you should remain extra cautious before making the trade. The chance for lower levels are high. Till Index holds trading below the 11265-11300 range. Warning: ...Read more

Nifty Price Action Holds The Key Now For BullsBears continue the show of last week. And today show their potential.The bears can deliver more as Nifty Index still looking weaker. And ...Read more