CNX NIFTY HAS BOUNCED BACK FROM ITS STRONG SUPPORT ZONE 7870 WITH A POSITIVE PATTERN OF NEARLY A DOUBLE BOTTOM 7855-7862.

WE  CAN SEE IT  GOING BACK TO A NEW HIGH SUPPORT ZONE 7850-7865

BELOW 7850 WE CAN SEE 7770

 RESISTANCE ZONE 7910-7920

ABOVE 7920 WE CAN SEE 7960 AND A NEW HIGH    


TRADING LVLS FOR INTRADAY IN NIFTY AUGUST

FUTURE

  REVERSAL  7898

 SUPPORT 7879/7852

 RESISTANCE 7925/7945

Cnx nifty We can see 150..200 points upmove nxt week ....around 8000 ...due to expiry some volatality can be seen
Nifty has consolidated from last 3 days being friday we can see sharp move today
Below 7850 we can see 7800....7890 range which is a bounch back range
Abv 7925 we can see a rally to 7970

NEW HIGH

Nifty has given a breakout from its all time high we can see 160 points around 2..4 tradind days

Positional charts in nifty are showing reversal pattern in nifty but shrt term chrts are showing selling signal be cautious in trades
Lvl for intraday
Abv 7610 maintains buy nifty trgt 7720 sl 7560
Below 7560 maintains sell nifty trgt 7480