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.
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.
Below 15735-760 zone Nifty Index is weak and can drop more. On the downside, the 15520-499 zone is the important Gann level zone, where Index
Even after a strong weekly close, Nifty & Bank Nifty opened gap down. Both tried to recover, made high near Gann levels, which we discussed