In the last Nifty Technical Outlook Analysis, we discussed. Bulls need to hold 10835-10815 range for a bounce back. On the other hand, bears need to protect 11036 levels for continuing this downside rally.
Technical Outlook for Nifty Intraday Trading
Nifty bulls traded above 11036 but failed to give EOD close above it. For further upside, we need close above 11036 levels.
On the lower side Nifty Bears need to trade below 10900 for the move towards 10850/10790/10720.
Nifty Intraday Trading Levels for 16th Aug
Resistance for today in Intraday is at 11080 above the move towards 11115/11160/11220 can seen.
While Support for today is likely to come at, 10990 below that move towards 10955/10910/10850 can be seen.
Note: Above mention Price projection & other Information are for educational purpose only.
Last week Nifty and Bank Nifty Index traded lower after striking a high on Monday.
Last week, after reaching high on Monday, Gold and Silver traded lower. Both precious metals