Nifty - Intraday Levels for 05 Aug 2022
Nifty Levels for Tomorrow..
Trend : BULLISH
Sentiment : Negative
Expectation : BULLISH / Rangebound
Last Friday Nifty closed flat, SGX Nifty were shoot up 150 points after our market close but due to US market Job data impact there was sudden drop in the market.
Expecting flat open in Nifty tomorrow, the trend is not clear however the expected trend is BULLISH to 18000 Mark. But it depends on how we opens tomorrow.
Wait for first 5m candle close, any breakout above the high its Bullish or any breakout below low its Bearish so better we can follow the trend.
If Price opens above CPR, then CPR and the lower trend line will provide support. Incase 17482 is compromised lower targets are prossible.
Refer the chart for detailed Intraday Support and Resistance levels.
Happy Trading!!
Trend : BULLISH
Sentiment : Negative
Expectation : BULLISH / Rangebound
Last Friday Nifty closed flat, SGX Nifty were shoot up 150 points after our market close but due to US market Job data impact there was sudden drop in the market.
Expecting flat open in Nifty tomorrow, the trend is not clear however the expected trend is BULLISH to 18000 Mark. But it depends on how we opens tomorrow.
Wait for first 5m candle close, any breakout above the high its Bullish or any breakout below low its Bearish so better we can follow the trend.
If Price opens above CPR, then CPR and the lower trend line will provide support. Incase 17482 is compromised lower targets are prossible.
Refer the chart for detailed Intraday Support and Resistance levels.
Happy Trading!!
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