Nifty August future Resistance and support for tomorrow, Market Prediction

After choppy trading session Nifty Aug future closed at 5720.00 up 14.45 points or 0.25%, after touching high of 5762.70 and low of 5695.55 on Monday, Open interest raised 3.46%. among Sectoral indices Auto, infra and Pharma traded weak, Bank Nifty gained 0.97%.

India Vix index closed at 20.80 down 0.43%, it means market have lower uncertainty condition, but the index position is slightly above 20 level, large sudden move expected and chances of reversal of market. Open interest trend raised with market, RSI near 20 level, over sold region is showing weakness in market.

Market will take up move tomorrow, Nifty Aug future will take resistance at 5756-5823 and on downside support will be 5689-5622.

Posted in: Nifty Future Tips,Nifty Tips