Nifty Intraday View 22nd Jan

As posted in the last analysis: Nifty is continuously trading in a very narrow range, The view is still same, 10950-10975 is resistance area, followed by 11000 level of weekly resistance.

Nifty Intraday View 22nd Jan

Nifty still trading near multiple resistance zones, until we are trading above 10849, the Bulls have the upper hand & Bears need to protect EOD close above 10964 for move towards 11035/11100/11300.

Above, I've posted the Hourly chart, which I already posted before on Friday, during market hours, on my facebook page.

As per the above chart, Nifty is trading near BUY zone on the hourly chart, holding below the angled line during intraday hours can trigger downside level and weakness in present upside swing.

Critical Support for today in intraday is at 10930 /10890/10830 & Resistance is at 10990/11030/11100.

Note: Above mention price projection & other Information are for educational purpose only.

Posted by Divesh
January 22, 2019