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Nifty 1st Aug EOD View for 2nd AUG >> GAP Zones ?? >>Next 17500 ??

Hi All
Nifty today opened Gapup and Dropped to fill the morning gap and moved up slowly…towards 17300.

Now Price may look for Support at 17145 -17000 Zones…if holds ….expect more push towards 17400+ zones.

The WXY pattern has hit  17332 Levels for FE. Now the Gap zones at 17363 to 17464 will be critical resistance ahead, which may get tested.

Support 17150 – 17064-17000
Resistance 17363 – 17411 – 17500

From 16438, Nifty has moved to 17300 Zones in a vertical Moveup….will the Momentum Continue or will Price go into consolidation for GAP Fill

Stay Tuned

Ramesh Nadar
NiftyXperts – Mumbai
M – 8454840009

 

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