Weekly Market View:Nifty gave breakout of all time high level and ended at new life time high at 11390.55. Throughout the week nifty trade with positive sentiments and closed at 11360.85. Nifty traded higher for the 4th week continuously surging to new life time high backed by strong money inflow by FII and DII amid firm global cues. One can expect upside movement if it crosses immediate resistance mark of 11400 and immediate support level is 11280.Technically also closed above 20 SMA which supports bullish view.
Nifty Traders may follow the below mentioned levels for 06.08.2018 to 10.08.2018
Buy above 11,400 for targets of 11,460/11,520
Sell below : 11,280 for targets 11,230/ 11,160
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profit/ loss incurred whatsoever in this case.
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