We discussed the last Nifty Intraday Chart Analysis. In the range of 11888-11770, Nifty Bulls are creating excellent support. We should watch 11888 Nifty levels on an EOD basis. Below, moves towards 11780/11660 can come.
On Friday, Nifty closed below the 11888 support level, which was a good sign of further fall.
On Monday, Nifty continued its fall and reached the low of around 11657 levels.
The fall below 11888 levels did our both the targets.
Nifty Intraday Chart View for 18th June
At present, the Bears have an advantage. The bulls need a close above 11840 to regain some energy.
On the lower side, the range from 11570 to 11530 is crucial for Nifty bulls.
We can use the dip near 11530 to initiate a long position with proper stop loss.
Nifty Intraday Chart 18th June Trading Levels
Today’s Intraday support is at 11640/11595/11530, and resistance is at 11710/11755/11835.
Note: The above-mentioned price projection & other Information are for educational purposes only.
