In the last Nifty Technical Trading Analysis, we discussed: For the upside momentum, Nifty bulls need to close above 11175 resistance levels. The intermediate support for Nifty is at 11015. Any close below that can drag the Index towards 10945/11870/10800.
After hitting the 10881 low, Nifty bulls shown strong upside move of nearly 100 points.
For maintaining this upside momentum, Nifty bulls need the close above 11175 resistance.
On the lower side, Support is now at 10885 below that we can see the further slide.
Nifty Intraday Technical Trading Levels for 02 Aug
Resistance for today in Intraday is at 11040 above the move towards 11080/11145/11220 can seen.
While Support for today is likely to come at, 10963 below that move towards 10925/10880/10820 can be seen.
Note: Above mention Price projection & other Information are for educational purpose only.