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.
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.
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