Nifty again Tumbled 100 Points

In the Last Nifty Technical Analysis,we discussed : Till we are trading below 11750 Bears are having the upper hand, & Bulls must need to save 11495 levels on EOD basis for getting momentum back.

Yesterday Nifty open gap up but failed to hold the gains, & soon it tumbled 100 plus points again.

Click on Chart to Enlarge

The view still the same 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 & Resistance is at 11545/11580/ 11650.

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

About the author

Divesh Jotwani is a full-time trader in the Indian stock market. He has spent over 20+ years researching and discovering WD Gann's methods and applying them day-in and-out markets.