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Nifty Intraday Analysis 07th May

In the last analysis, we discussed. For today’s Nifty Intraday session, 9180 level is the support. Below that we can see the lower side movement, for the target of 9130/9060/8900 levels can come. On the upper side, 9270 is resistance; above that, bulls can gain strength for the move towards 9320/9390/9550 levels.

In Wednesday session, Index opened down on flat note & soon bears pulled the market towards lower side. However, from the lower levels market bounced back & hit the high around 9346 levels. 

On both the sides 1st target get reached, first below 9180 sell side & then above 9270 buy side.

nifty

Now for today’s Intraday session, 9140 Nifty level is the support. Below that we can see the lower side movement, for the target of 9090/9020/8900 levels can come. 

On the upper side, 9240 will act as Resistance; above that, bulls can gain strength for the move towards 9290/9360/9480 levels. 

Note: Above mention Price projection & other Information is for educational purpose only.