Nifty View on Daily Basis

4 sept. 2023After 5 weeks of fall , NIFTY closed in green last week due to rally on Friday. Now it needs to sustain its momentum today which will make it bullish. Cross of 19600 level for NIFTY which is a strong resistance zone ( from option data also ) can push the NIFTY to a new high. Macro data of GDP 7.8% is also very positive. Downside 19200 is the major resistance.

Intraday bias is on long. Buy on dip is the mantra. Resistance 19480 - 19600. Support 19300 - 19250 - 19210. Wait for first 1 hour , confirm the intraday trend and enter trade at crossovers