As posted in the last analysis: Nifty made the low of 10857 below 10940 & closed below it, which indicate bears are in strong position & can push the index towards the level of 10790 / 10720 around in days to come & Bulls have the chance only above 11005 for the move towards 11080/11150.
Yesterday Nifty made the low around 10820, which was near to our 1st target, View is still the same Bears are in full control & Bulls have their chance only above 11005 for the move towards 11080/11150.
Below I’ve posted the hourly chart of Nifty, as per that 10825-10790 is the excellent support area, so we may see some bounce if Bears fail to go below this zone.
Critical Support for today in Intraday is at 10800 / 10760 /10710 & Resistance is at 10870 / 10920 / 10990.
Note: Above mention price projection & other Information are for educational purpose only.
