Critical support/resistance levels for Nifty for medium term.

Nifty is at a critical juncture. The support and resistance levels for Nifty for the remaining days in the month of August are as under:

  • Resistance Zone: 17719 to 17779.
    Major Resistance Zone: 17779 to 18118.
    Support zone: 17349 to 17606.
    Other Support: 17178.
    Level beyond which Bears will regain control over the market: 16616 (Major Support).
    Long Term Target: 19546

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