Nifty Intraday Outlook

As discussed in the Last Analysis: Below 11675 Nifty showed weakness & made the low around 11583 levels. Before that Nifty made the new lifetime high on 18th April & from there it has corrected nearly 250-270 points.

Bulls need to close above 11750 levels for gaining the momentum back & Bears now need to trade & close below 11543 for a further drop towards 11500/11440/11370 levels.

Nifty Intraday Outlook for 23 April

Click on Chart to Enlarge

For the upcoming session, critical Resistance is at 11620 above that can show us further move towards 11660/11725 & Support is at 11570 below that move towards 11520/11460/ levels can be seen.

Above I've plotted Angle line on Nifty 15 min time frame, which acts as good trend pointer for coming sessions.

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