We discussed the last Nifty Technical Analysis. Bulls need to hold above 11870 for a further rise. Bears have their chance only below 11640 levels.
Yesterday, Nifty reached a high of around 11883. There, It faced resistance near the Previous top, corrected by 200 points Intraday, and made the low around the 11682 price level.
Nifty facing Resistance near the Previous top
The view is still the same: Nifty Bulls should sustain above 11870 to rise further.
Nifty Bears will only be active below 11640.
Today, intraday support for the Nifty is at 11675/11605/11510, and intraday Resistance is at 11760/11850/11965.
Note: The above-mentioned price projection & other Information are for educational purposes only.
