May 2

Nifty Continues Range Bound Move

By Divesh

May 2, 2019

Nifty Intraday Target, Nifty Intraday Trading Methods, nifty pivot point, nifty support level

Nifty Continues Range Bound Move

In the Last Nifty Technical Analysis: 11750-11767 is resistance range, close above that will add further upside in the index.

Yesterday again Nifty continues range bound move. Moving ahead, we find that near 11800 Nifty level there is resistance around it.

Overall 11767-11800 Nifty range can count as resistance zone, above which we need close for new highs.

Click on Chart to Enlarge

On the Daily Nifty chart, I’ve drawn an Angular line, to show you the present support of Nifty Index. 

There can be BOUNCE, or break down also from this point.

Support for today in Intraday is at 11720/11680/11600 & Resistance is at 11780/11815/11880. 

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

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