Nifty - Analysis & Prediction - 07 to 11th Aug 2023
Nifty Prediction:
BEARISH / Negative Sentiment
Nifty is trading inside a channel pattern, it has resistance at 19525-19570 level & Support at 19300-19330.
Nifty likely to Open Gap down next week, and will test 19350 where we can expect BULLISH reversal. if 19300 is compromised more down fall expected.
BULLISH trend only above 19573.
Demand and Supply Zones - When price breaks the zone, Demand zone will become Resistance and Supply zone will become Support.
Refer the chart for detailed Intraday Support and Resistance levels.
Happy Trading!!
BEARISH / Negative Sentiment
Nifty is trading inside a channel pattern, it has resistance at 19525-19570 level & Support at 19300-19330.
Nifty likely to Open Gap down next week, and will test 19350 where we can expect BULLISH reversal. if 19300 is compromised more down fall expected.
BULLISH trend only above 19573.
Demand and Supply Zones - When price breaks the zone, Demand zone will become Resistance and Supply zone will become Support.
Refer the chart for detailed Intraday Support and Resistance levels.
Happy Trading!!
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