Market view Aug 2019

11,300-11,100 is a very strong demand zone. The 200-DMA, which is placed at 11,130, is likely to act as strong support On the upside, 11,450-11,600 will act as a strong supply zone. Above this, a short-covering rally can be seen with Nifty heading towards 11,900. On the downside, if Nifty surrenders the 11,100 level, then things could get ugly. Although, this has a very low probability.