In the last analysis of Nifty Intraday Chart View, we discussed. Till Nifty not closing above 12055 levels, Bears have an advantage. Above 12055 Bulls can again resume there upside journey.
Yesterday Nifty made the high around 12000 levels. It was like consolidation, as the whole range of yesterday was only 100 points.
The view is still the same for Nifty Index, we need to keep watch on 12055 Resistance for the next trending move.
On the lower side, 11745 is the Significant Cycle no. for Nifty, Below it more slide in the index can come.
Nifty Intraday Chart View for 12th June
Support for today in Intraday is at 11940/11905/11835 & Nifty Resistance is at 12005/12040/12110.
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