In the last Nifty Technical Outlook Analysis, we discussed. Till we are holding 11461 levels, we can see some bounce back of more 100-150 points. The importance of level 11461 increases because as per the Nifty weekly chart, Prices has reached the general bounce back area.
Yesterday, Nifty opened on a flat, and after hitting the day high, Bears drag the Index towards the low of Tuesday. There Nifty spends almost half of its day.
The view is still the same, till Nifty is holding 11461 levels, we can see a bounce back. We had already discussed the weight of level 11461 in our last post.
Nifty Technical Outlook for Intraday
The level to watch for Bears today in Intraday will be 11450, below it we can see Bears getting 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
Support for today in Intraday is at 11470/11440/11360 & Resistance is at 11528/11560/11640. .
Note: Above mention price projection & other Information are for educational purpose only.
Nifty Short-term Trading View After 1000 Points Fall
After 1000 points, correction bulls got the support near august month low. But the road ahead for bulls stands still hard. There are a few critical
Nifty Bank Nifty Weekly Forecast 28 Sep-01 Oct
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
Nifty Breaks The Last 11185 Swing Low
The volatility stands high. During such times you should remain extra cautious before making the trade. The chance for lower levels are high. Till Nifty 50 Index holds