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Nifty Intraday Outlook: Election Result Day

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Updated On:

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.

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.

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About the Author

Divesh Jotwani is a Full-time trader in the Indian stock market. He has spent over 20+ years researching and discovering WD Gann's methods and applying them day in and out markets.