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Nifty Intraday Technical Analysis 05th Feb

As posted in the last analysis: Nifty closed above 10810 level, shows bulls have the upper hand, & we may see the levels of 10880/10938 today, however, today we have the Union Budget Event so that wild swings can happen on either side.

Nifty Intraday Technical Analysis 05th Feb

Nifty does both targets above 10810 on Friday Budget day; we are again back in the same zone of resistance where 11000 price level, will act as resistance on a weekly basis.

10970-11020 will be the critical zone to look for on day to day basis above that,11085 / 11190 level can be seen & Bears have there chance only below 10792.

Critical Support for today in Intraday is at 10880 /10840/10780 & Resistance is at 10935 /10985 /11060.

Note: Above mention price projection & other Information are for educational purpose only.