Nifty Analysis for 7th Aug

Nifty CMP- 11200.15

EOD Analysis

In the early morning trading session index price was trading in a range. However after the announcement of the RBI policy we have witnessed the index price to break out of the range and made the high of 11256.80. But the price failed to maintain the higher levels and retested the previous day closing.

As for tomorrow we anticipate the following price action-  

Nifty support and resistance levels for 7th Aug –

Resistance –11226/11306/11380

Support –11173/11088/11009

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Stocks to Watch for Tomorrow –

DRREDDY

FEDERALBNK

UJJIVAN

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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