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Nifty Intraday Outlook: Election Result Day

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.

NIFTY 1 1 9
Click on Chart to Enlarge

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.