Nifty Intraday View 25th Jan
As posted in the last analysis: Close below our support level of 10849, which shows the weakness, is still there in the present situation. Move towards 10730 / 10690 levels can be seen in this decline, now 10910 will act as resistance.
The view is still same, move towards 10730 / 10690 levels can be seen in this decline, now 10910 will act as resistance followed 10975. Plus, I would like to recall, that we have 11000 level vital weekly resistance, about which I've posted before also in my posts.
Above I've applied angle on Hourly chart, which will guide us today, during intraday, as holding above that can show again shift in momentum from bear to bull side.
Critical Support for today in intraday is at 10840 /10800/10750 & Resistance is at 10865 /10905/10975.
Note: Above mention price projection & other Information are for educational purpose only.