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Nifty Trading View for the day

Nifty Spot View: 05/08/2022
Cmp: 17382.15
Support & Downside Range: 17259—17160—17070--16900
Resistance & Upside Range: 17437- 17490--17525—17585

Nifty Trading View

Short Term Trend Reversal Level:-- 
Trading View: Ahead of RBI policy key level to watch is 17259 spot levels as support and 17490—17525 spot levels as rest, after RBI policy if we slip below 17259 then again will see selling pressure to build up in market and if 17259 able to hold then there is a chance we may again remain between 17300—17500 for today's close, #Note we need to see can #nifty able to give us continue 7 trading session close above 17500 spot or not to get idea about this move is getting extended and we need to think on other possible wave counts for this move which started from 15180 spot levels.

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