Nifty Intraday Technical Analysis 13th Feb

As posted in the last analysis: Nifty made the low of 10857 below 10940 & closed below it, which indicate bears are in strong position & can push the index towards the level of 10790 / 10720 around in days to come & Bulls have the chance only above 11005 for the move towards 11080/11150.

Nifty Intraday Technical Analysis 13th Feb

Yesterday Nifty made the low around 10820, which was near to our 1st target, View is still the same Bears are in full control & Bulls have their chance only above 11005 for the move towards 11080/11150.

Below I've posted the hourly chart of Nifty, as per that 10825-10790 is the excellent support area, so we may see some bounce if Bears fail to go below this zone.

Nifty Intraday Technical Analysis 13th Feb

Critical Support for today in Intraday is at 10800 / 10760 /10710 & Resistance is at 10870 / 10920 / 10990.

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

February 13, 2019