pangusanthai

NIFTY - Strong support level - 11830

NSE:NIFTY   Nifty 50 Index
NIFTY will slowely recover from big fall, the strong support is at 11830.

I marked the level of nifty expected to reach at marked date during Aug 2019. At this momment, the strong support are at 11830 and also at 11780. If any fall below 11780, then this analysis is void. Incase if nifty breakout 11780 level then it result in Big fall thenafter. I did multi time frame analysis and publishing this chart in 15 mins.

I couldnt see any big jump (400 points in a week) in upward or downward in Aug 2019.

Target 1: 11068
Target 1 date : 21st Aug, 2019

Target 2: 11220
Target 2 Date : 26th Aug,2019
Comment: Sorry typo error in above comments. I typed 11830 instead of 10830 and also 11780 instead of 10780. But targets mentioned the charts are fine.
Comment: Target 1 11068 reached today, but still couldnt withstand in that level for longer. The same target will be achieved prior to target date again.
Trade closed: target reached: Target 1 - 11068 reached again today. NIFTY will do little correction before move into Target 2