TECHVIEW ON NIFTY 50 FOR 26AUG

AS we discussed yesterday Our important Resistance (11500/11600) and Support(11400/11300) still intact.

IN today market nifty Open higher but traded flat for whole day and closed below the day high and our Resistance (11500). Currently 11500 still Consider as a immediate resistance for nifty.

As per the Last 5days trading sessions its looks like nifty moving in Between 2 parallel upside trendline having continues support on lower trendline from here upside move in nifty is very much possible.

For Tomorrow 11420 act as a huge support for nifty and today also nifty successfully hold 11420,
Be Bullish if nifty open in GAPUP above the 11460 go LONG with stoploss of 11420 target 11600


NOTE:- THIS IS MONTHLY EXPIRY WEEK FOR BOTH INDEX AND STOCK. SO, VOLATILITY IS NORMAL.

Disclaimer:- Do your own research before investing, Trade on your own risk