Nifty analysis for Today

Nifty prediction for Today 02 August 2021 (Monday )

The last trading on friday Nifty has closed Near 15763 only 15 point down and made a high near 15862.

If we talk about weekly support that lies on 15500-15600 weekly trendline support and Nifty has taken support near this.

Which levels we need to follow for today session for Nifty ?

  • SGX NIFTY is already trading higher and gap up with Near 100 points .. so NIFTY will also follow this .

Scenario -1: If nifty holds 15880 level for some time it can quick move up to 15920  and again if if Nifty holds 15920 levels so it can move till 15960-15970

Buy Near 15880.-15890  target 15920- 15960-15970

Scenario -2: If nifty does not hold 15880 levels for some time it may slip and fall till 15850 and 15800 .

Short Near 15880.-15870  target 15850- 15800

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