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.
Below 15735-760 zone Nifty Index is weak and can drop more. On the downside, the 15520-499 zone is the important Gann level zone, where Index
Even after a strong weekly close, Nifty & Bank Nifty opened gap down. Both tried to recover, made high near Gann levels, which we discussed