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Nifty Technical View for 02 Aug

Last Updated: January 16, 2020 By Divesh

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.

Yesterday Index opened on a negative note. Once the 11015 gets broken Nifty bears drag the market towards below 10881 levels.

After hitting the 10881 low, Nifty bulls shown strong upside move of nearly 100 points.


Nifty technical trading

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.

August 1, 2019

In the last Nifty Intraday Technical Analysis, we discussed: The bears are getting intense day by day. Nifty bulls will …

technical Nifty Intraday

July 31, 2019

In the last Nifty Analysis, we discussed: The bears have the upper hand, as close below 11200 suggests. Now Bulls …

View for Nifty

July 30, 2019

In the last Nifty Analysis, we discussed. The short-term resistance for Nifty is now shifted at 11365 levels. Above that, …



Tags

Nifty Intraday Support, Nifty Intraday Target, Nifty Intraday Trading Levels


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