Nifty Technical Analysis for 21st-25th May
As posted in last week Analysis : For next week Karnataka election result can make major impact on markets, Bulls need to break & close above 10843 for move towards 10915 / 11063 & on the other hand 10660 will act as good support on closing below that we can see move towards 10570 / 10390.
Bulls failed to get close above our 10843 Natural number resistance level & result in that we saw a down move of nearly 250 points from near our resistance point, as shown in above chart prices break below 2*1 (Brown) gann angle by using fix rule of applying gann angles.
For next week 10407 will act as good support point in case if we see any downside near to that level & 10682 will act as strong resistance point.
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Note : Above mention Price projection & other Information are for educational purpose only.