We discussed the last Nifty Intraday trading analysis. A fall in the Nifty Index can become an excellent opportunity for creating long positions. The 11550-11560 range is the significant support area for today’s trading session. If the Bulls fail to hold the above range, we can see a further decline.
On Friday, the Nifty opened on a positive note. But soon, bears took charge and dragged the Index towards lower levels. Once the 11550 level was broken, the Index started the waterfall decline.
Yesterday, the weakness continued, and Nifty hit two months lower levels.
Nifty Pullback Range
At present, the Nifty Bears have the upper hand. The long-term charts also suggest the same.
Nifty Bulls need to move above 11495 to get some energy to come back.
On the lower side, short-term support for the Nifty Index ranges from 11314 to 11277.
The bulls need to hold this range for a bounce. Bears will get more weight below 11277 levels only.
Nifty Intraday Trading Levels for 23 July
Today’s Intraday support is at 11303/11270/11190, and resistance is at 11375/11410/11490.
Note: The above-mentioned price projection & other Information are for educational purposes only.
