Nifty facing Resistance near Previous top

In the last Nifty Technical Analysis, we discussed. Bulls need to hold above 11870 for further rise. Bears have there chance below 11640 levels only.

Yesterday Nifty made the high around 11883 levels. Over there Nifty facing resistance near Previous top and corrected 200 points in Intraday, and made the low around 11682 price level.

Nifty facing Resistance near Previous top

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The view is still the same, Nifty Bulls should sustain above 11870 to rise further. 

Nifty Bears will get active below 11640 only.

Support for Nifty today in Intraday is at 11675/11605/11510 and Resistance for today in Intraday is at 11760/11850/11965.

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.