Technical Analysis For Nifty Today 29-08-2019 21:00:04


In 1 hour chart Nifty price continues to trade at 10947.5 and below the (Exponential Moving Average)EMA200 value of 11125 and keeps its stability below until now, while 1 hour MACD Of 12,26,9 is in Sell 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 11125 is proving a tough nut to crack.

Pivot (invalidation): 11056

Our preference: Long positions above 11128

Alternative scenario: Below 10980.7 look for further downside.

Support Resistance Levels For Nifty Today at 29-08-2019 21:00:04

Pivot: 11056

Resistance 1: 11128

Resistance 2: 11203.3

Resistance 3: 11275.3

Support 1: 10980.7

Support 2: 10908.7

Support 3: 10833.3

Yesterday High Low Close For Nifty

Yesterday High: 11131.3

Yesterday Low: 10984

Yesterday Close: 11052.7

Today at 29-08-2019 21:00:04 Nifty trading at 10947.5 with high of 11017.3 and low of 10916.5

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