We discussed the last analysis of the Nifty Intraday Chart View. The bears have an advantage until the Nifty closes above 12055. Above 12055, the Bulls can resume their upside journey.
Yesterday, Nifty reached a high of around 12000 levels. It was like consolidation, as the whole range of yesterday was only 100 points.
The view is still the same for the Nifty Index, and we need to keep watch on the 12055 Resistance for the next trending move.
On the lower side, 11745 is the Significant Cycle no. for Nifty; below it, more slides in the index can be found.
Nifty Intraday Chart View for 12th June
Today’s Intraday support is at 11940/11905/11835, and Nifty Resistance is at 12005/12040/12110.
Note: The above-mentioned price projection & other Information are for educational purposes only.
