NIFTY WEEKLY RANGE 06 JULY 2018 TO 10 JULY 2018
Nifty made HAMMER like pattern on weekly chart. so trade with caution.
Nifty weekly range : Nifty index last week trade in narrow range (156 point). Now we see short term support (demand) at 11200 on weekly basis And crucial resistance (supply) at 11435.00. if nifty index closing above 11435 than move towards 11560.
NIFTY SUPPORT : 11340-10200
NIFTY RESISTANCE : 11435-11560
any dip use for long position till 11200 and put the stoploss below 11180 if nifty index close below 11180 on daily chart then exit all longs.
Trade accordingly these levels.
Given level work properly. (update on 12 aug 2018)
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Note : Above mention price level and other information only for educational purpose only.