In the last Nifty Technical Analysis, we discussed that the bears have the upper hand, as a close below 11200 suggests. Now, the Bulls need to close above 11290 for a move towards 11365/11450 levels.
Yesterday, the Nifty opened on a positive note. But soon, bears dragged the Index towards lower levels, and this time, the Index reached a low of 11072.
The bears are getting more intense day by day. Nifty bulls will get some only on a close above 11290 levels. Below that Bears can drag the Index towards 11015/11940/11800.
The nifty 11800 level is the next quite Crucial support level to watch out for if the price reaches there.
Nifty Intraday Technical Trading Levels for 31st July
Resistance for today in Intraday is at 11125; above the move towards 11155/11210/11290 can be seen.
While today’s support is likely to come at 11030, below that, a move towards 11000/10945/10865 can be seen.
Note: The above-mentioned Price projection & other Information are for educational purposes only.
