Nifty Analysis for 11th Aug

Nifty CMP- 11270.15

EOD Analysis

We have witnessed the Gap up opening in Nifty above the Resistance level discussed. During the first half of the trading hours we have seen the rise in price. And its only in the second half of the trading hours, Index price failed to maintain the higher levels and retested the Resistance level i.e., 11240.

As for tomorrow we anticipate the following price action-  

Nifty support and resistance levels for 11th Aug –

Resistance –11300/11372/11462

Support –11240/11164/11041

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Stocks to Watch for Tomorrow –

CADILAHC

MARUTI

NIITTECH

TCS

Support and Resistance levels for any of the above two stocks will be updated here (Stock Zest) on or before 9:30 AM

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