Nifty Analysis for 4th Aug

Nifty CMP- 10891.60

EOD Analysis

Today we have seen the Bears dominating the index. On opening bell Index opened near the support level discussed and started to slide downwards. By the end of the day we have witnessed the Nifty price to take shelter near another support level i.e., 10882.

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 today we anticipate the following price action-  

Nifty support and resistance levels for 4th Aug –

Resistance –10930/11000/11100

Support –10865/10787/10725

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Stocks to Watch for Today –

BAJAJFINSV

INDUSINDBK

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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