Nifty Analysis for 19th Aug

Nifty CMP- 11385.35

EOD Analysis

In our previous analysis we have stated that Nifty faces major resistance near 11325 range and in today’s trading session we have witnessed the Index price to cross the said range decisively indicating the bullish sentiment in the market. By the end of the session Nifty made the high of 11401.70.

As for tomorrow we anticipate the following price action – 

Nifty support and resistance levels for 19th Aug –

Resistance –11412/11490/11560

Support –11358/11278/11180

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Stocks to Watch for Tomorrow –

AXISBANK

KOTAKBANK

WIPRO

HINDALCO

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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