Nifty Analysis for 3rd Aug

Nifty CMP- 11073.45

EOD Analysis

We have witnessed the continuous rise in Nifty price during the last six weeks, but it closed on a negative note in last week. However 11000 shall act as strong psychological support for Nifty in the coming weeks. Even in the last week we have seen the Nifty price to make the high of 11341.40 before making its downwards journey.

As for tomorrow we anticipate the following price action-  

We may observe the significant price action on 6th Aug. (HIGH VOLATILITY DATE)

11100 range shall also act as Trend Decider level for the coming week.

Nifty support and resistance levels for 3rd Aug –

Resistance –11125/11208/11286

Support –11050/10985/10882

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Stocks to Watch for Tomorrow –

AMARAJABAT

BAJAJ-AUTO

CIPLA

JSWSTEEL

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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