We discussed the last Nifty Technical Outlook Analysis. As long as we hold 11461 levels, we can see a bounce back of more than 100-150 points. The importance of level 11461 increases because, as per the Nifty weekly chart, Prices have reached the general bounce-back area.
Yesterday, the Nifty opened flat. After hitting the day high, the Bears dragged the Index towards the low of Tuesday. There, the Nifty spent almost half of its day.
The view is still the same: until Nifty holds 11461 levels, we can see a bounce back. We already discussed the weight of level 11461 in our last post.
Nifty Technical Outlook for Intraday
The level to watch for the Bears today in Intraday will be 11450; below it, we can see the Bears gaining momentum.
The Key level to watch for Bulls in Intraday is at 11573. Above that, we can see bulls getting strength.
Nifty Technical Trading Levels for 11th July
Today’s Intraday support is at 11470/11440/11360, and resistance is at 11528/11560/11640.
Note: Above mention price projection & other Information are for educational purposes only.
