Technical Views On Markets For Tomorrow (11-Aug)

Nifty made a high of 5,491 and corrected to 5,440 (5-DMA) level Today .  Nifty is trapped in a sideways pattern and a breakout on either side will set the future trend. As said before, Nifty is trading in a Broadening Price formation which has a resistance at 5,510 level while the crucial support will be 5,400 level. Looking at the Daily Reports and Nifty Charts it looks overbought and is due for the technical correction below 5,510 level, so the Technical Bias below 5,510 remain negative. A breakout above 5,510 only will be treated as the continuation of the earlier up move and will negates the earlier view.  On an intraday basis, Nifty spot should find support near 5,420 & 5,394 level while the resistance will be at 5,465 & 5,486 level.

Get Daily Tips Directly on Email


Blogger news

What We Provide

We give Intraday Stock Tips, Markets Outlook, Nifty Tips Tomorrow, Futures Options Tips, Bank Nifty Tips, MCX Commodity Tips..

Free Trial Tips On Mobile By SMS

Subscribe us to get FREE TRIAL in stocks & commodity tips on your mobile by sms. We offer 2 days Free Trial for stock tips and commodity tips....... 2 Days Free Trial

Classified Ad Listing

Get Daily MCX and NCDEX tips with more than 90% accuracy on your MOBILE phone by SMS. We provide sure shot MCX and NCDEX Commodity tips with atleast 3-5% return on an intraday trading basis.
Free Trial


This blog is not intended as professional advice. The author disclaims any liability, loss, or risk taken by individuals who directly or indirectly act on the information contained herein. All readers must accept full responsibility for their use of this material.