Nifty Analysis for 12th Aug

Nifty CMP- 11322.50

EOD Analysis

We have come across the similar price action as yesterday in Index. Index price opened with Gap up followed by rise in price. Subsequently Index price met with resistance at 11372 (HIGH). And later during the afternoon session, price tested the 11300 range before moving upwards.

As for the Watchlist stock, Support and Resistance levels of Two stocks were published. The EOD price action of the two stocks are illustrated below along with Nifty –

As for tomorrow we anticipate the following price action-  

Nifty support and resistance levels for 12th Aug –

Resistance –11350/11430/11512

Support –11280/11216/11154

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Stocks to Watch for Tomorrow –

CUMMINSIND

HDFCBANK

HEROMOTOCO

EICHERMOT

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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