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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, which is today’s 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 a chance of only below 11640 levels.

Apart from this, the Major support of Nifty at present is at 11135-11180.

Nifty Intraday Outlook: Election Result Day

Today’s Intraday support is at 11640/11550/11425, and Nifty Resistance is at 11780/11875/11999.

Note: The above-mentioned price projection & other Information are for educational purposes 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.