In the Last Analysis, we discussed. Bulls need close above 11767-11800 resistance area. In the past week, we see a couple of times Nifty made the high between this range 11767-11800.
Finally yesterday Nifty opened gap down & made the low around 11571, nearly 200 pts down move from resistance area.
Till we are trading below 11750 Bears are having the upper hand, & Bulls must need to save 11495 levels on eod basis for getting momentum back.
Critical Support for today in Intraday is at 11550/11495 & Resistance is at 11625/11700.
Note: Above mention price projection & other Information are for educational purpose only.
Last week Nifty and Bank Nifty Index traded lower after striking a high on Monday. The Bank Index is trading in a weak zone. Bank
Last week, after reaching high on Monday, Gold and Silver traded lower. Both precious metals are in consolidating phase. MCX Crude Oil again traded in