NIFTY TREND ANALYSIS & LEVELS FOR TODAY

DSR Broking

NIFTY 50

Updated for-Aug/02/2017

Nifty closed on a strong positive note at 10114 level .So today on upside first intra resistance is at 10149-54 level.Next resistance are at 10178-83,10209-14,10260-65,10310-15 level.On downside first support is at 10080-75level.Next support are at 10051-46,10019-15, 9969-65,9920-15,9891-86,9864-60,9820-16,9770-65,9730-25,9702-97,,9675-70,9640-35,9622-17,9595-90,9564-60, 9523-18,9475-70,9447-42,9423-18,9419-15,9389-85,9331-26 level. Market is in bull zone .So today for intraday on upside intra resistance are at 10154 and 10183 level and On downside be alert below 10075 and avoid all longs below that level as selling may intensify below 10046 level . 
  • Positional Support for NIFTY 9967 9927 9799 9725 9688 9614 9441 8929 and positional Immediate resistance for NIFTY is 10149.
  • Intraday Resistance of NIFTY are 10149.2 : 10177.8 : 10266.1 : 10287.2
  • Intraday Support of NIFTY are 10080.1 : 10051.5 : 9964.4 : 9943.6
Oscillator AnalysisNIFTY is now trading in highly overbought level. The oscillator is showing SELL signalShort Term Oscillator Analysis- The signal is SELL and NIFTY in overbought region. 

BANKNIFTY 

Updated for-Aug/02/2017

Positional Support for BANKNIFTY 24571 24335 23930 23768 23409 23231 22570 20855 and positional Immediate resistance for BANKNIFTY is 25230.
  • Intraday Resistance of BANKNIFTY are 25220.9 : 25302.3 : 25361.1 : 25394.3
  • Intraday Support of BANKNIFTY are 25024.7 : 24943.3 : 24885.6 : 24852.8

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