Technical Analysis For Nifty Today 23-07-2019 16:00:03

In 1 hour chart Nifty price continues to trade at 11337.8 and below the (Exponential Moving Average)EMA200 value of 11663 and keeps its stability below until now, while 1 hour MACD Of 12,26,9 is in Buy mode. Therefore, we will keep our Sell overview conditioned by the price stability below

However, if Nifty continues to trade below level, that could be an extraordinarily Bearish sign for Nifty

Even so, the 200-candle Exponential moving average (EMA) price range of 11663 is proving a tough nut to crack.

Pivot (invalidation): 11352.8

Our preference: Long positions above 11393.6

Alternative scenario: Below 11311.1 look for further downside.

Support Resistance Levels For Nifty Today at 23-07-2019 16:00:03

Pivot: 11352.8

Resistance 1: 11393.6

Resistance 2: 11435.3

Resistance 3: 11476.1

Support 1: 11311.1

Support 2: 11270.3

Support 3: 11228.6

Yesterday High Low Close For Nifty

Yesterday High: 11394.5

Yesterday Low: 11312

Yesterday Close: 11352

Today at 23-07-2019 16:00:03 Nifty trading at 11337.8 with high of 11403.5 and low of 11306

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