Nifty - Technical Analysis: -Nifty gapped up above 11400 and took support from the trendline. -Support level at 11400, crossing above 11550 could lead to upward targets of 11700,11750
Market - Driving Factors: -Data after market hours on Monday showed the country's economy contracted 23.9 per cent in the June quarter, much worse than estimates -Nifty settled at 11,491.25, up 103.75 points - or 0.91 per cent - from its previous close. -Shares of metal companies were in focus on Tuesday, with Nifty Metal index surging 3 per cent
Nifty - Outlook for Wednesday, 2nd September: Nifty is expected to test the above resistance zone once again, with support levels at 11400,11470. NIFTY reached a high of 11550 intraday but couldn't sustain the levels but buying was observed toward the final hour. Upward move expected to test the resistance zone once again.
Just want to know Tomorrow what level can be the lowest and 11200 PE view