In the last Nifty analysis, we discussed that bulls need to move above 11423 to regain their charge. On the other hand, bears will become active below 11270 levels.
After our last post, Nifty reached a high of around 11400, moved below 11270 levels and reached our almost target of 11080.
In fact, yesterday, Nifty also made a high of 11420 and fell 80 points in the last hour of trading.
The plan is still the same: Bulls need to trade and close above 11423 for the targets of 11490 and 11600.
The support at present is still at 11270 only. On holding below that, we can see the downside move of 100/180 points again.
Intraday Nifty Analysis for 15th Oct
Today’s Intraday resistance is at 11400. Above, the move towards 11445/11520/11630 can be seen.
While Support for today is likely to come at 11300, below that, a move towards 11255/11180/11070 can be seen.
Note: The above-mentioned Price projection & other Information are for educational purposes only.
