As we discussed yesterday also, 10750-10720 Nifty range is critical support area. The further sell-off can happen below this range only.
Additionally, the low of yesterday is also near to our unique Nifty Gann Angle Support line ( Green color). Holding below it & the range mentioned above will give further energy to the Nifty bears.
The Primary resistance for Nifty Index on the upside is at only 10960 levels. Above that, Nifty bulls can get strength for an upside move.
Intraday Nifty Trading Levels for 05th Sep
Resistance for today in Intraday is at 10865 above the move towards 10900/10950/11035 can seen.
While Support for today is likely to come at, 10790 below that move towards 10755/10705/10620 can be seen.
Note: Above mention Price projection & other Information are for educational purpose only.
The indices rallied last week, favored by a surge in banking stocks. A Clear sign