Technical Analysis For Nifty Today 30-08-2019 12:00:04


In 1 hour chart Nifty price continues to trade at 10902 and below the (Exponential Moving Average)EMA200 value of 11118.9 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 11118.9 is proving a tough nut to crack.

Pivot (invalidation): 10960.4

Our preference: Long positions above 11004.3

Alternative scenario: Below 10903.6 look for further downside.

Support Resistance Levels For Nifty Today at 30-08-2019 12:00:04

Pivot: 10960.4

Resistance 1: 11004.3

Resistance 2: 11061.2

Resistance 3: 11105.1

Support 1: 10903.6

Support 2: 10859.7

Support 3: 10802.8

Yesterday High Low Close For Nifty

Yesterday High: 11017.3

Yesterday Low: 10916.5

Yesterday Close: 10947.5

Today at 30-08-2019 12:00:04 Nifty trading at 10902 with high of 11074 and low of 10893.5

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