Nifty Tech Scan

Today Nifty closed with a minor gain. From the 1 Aug 2018 till now Nifty gained 224.70 points. Many short players already made shorts in Nifty and they are completely running in oddesay condition. Even on charting pattern Nifty not indicate any specific trend. Right now we have only 2 marking levels, which may give some definite trend. The 1st one is 11624 & 2nd one is 11516. In this weak, if Nifty came below 11516 marks, then we can see some weakness. And we can expect 11188 marks in near sessions. But above 11624 marks, we have no any specific marking to upward.

Disclaimer – This commentary is only a technical study. Please consult with your analyst, before making any trade. I am not liable for any loss or profit.