In the Last Nifty Technical Analysis, we discussed that until we are trading below 11750, Bears have the upper hand, and bulls must save 11495 levels on an EOD basis to get momentum back.
Yesterday, the Nifty opened gap up but failed to hold the gains, and soon, it tumbled 100-plus points again.
The view is still the same: the Bulls need to maintain 11495 levels of closing basis.
Nifty Technical Analysis 08th May
Critical Support for today in Intraday is at 11475/11440/11385, and resistance is at 11545/11580/ 11650.
Note: The above-mentioned price projection & other Information are for educational purposes only.
