As posted in my last post that Nifty may face stiff resistance in the zone of 8600-8635-50 and Nifty actually did found resistance near the first level. And Bears got almost 100+ points.
The view remains the same as this week Nifty made an inside bar.
To go above Nifty must give a close above 8650. Else we may see a good correction.
The major resistance levels are 8578, 8600-8620-8635-8650, 8710, 8804
The major support levels are 8476, 8400, 8372, 8260-8227-8216, 8070, 8005.
For BankNifty 19150-19300 strong resistance zone.
1st & 3rd Aug are important dates.
The view remains the same as this week Nifty made an inside bar.
To go above Nifty must give a close above 8650. Else we may see a good correction.
The major resistance levels are 8578, 8600-8620-8635-8650, 8710, 8804
The major support levels are 8476, 8400, 8372, 8260-8227-8216, 8070, 8005.
For BankNifty 19150-19300 strong resistance zone.
1st & 3rd Aug are important dates.
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