In the Last Nifty Intraday Technical Analysis, we discussed. Bulls need to sustain above 11870 to rise further & Nifty bears will get active below 11640 only.
Yesterday was like a consolidation day before the Nifty Intraday Election Day today Result declaration event.
The view from a short-term perspective is still the same. Bulls need to close above 11870 for further rally. Nifty Bears will have there chance only below 11640 levels.
Apart from this, Major support of Nifty at present is at 11135-11180.
Nifty Intraday Outlook: Election Result Day
Support for today in Intraday is at 11640/11550/11425 & Nifty Resistance is at 11780/11875/11999.
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