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Nifty Intraday Technical Outlook

As discussed in the Last Analysis: 11767-11800 range can be count as Resistance. Closing above that can show us more new highs in the index.

Yesterday Nifty made the high around 11789 & in intraday only it corrected nearly 70 points. The view is still the same, close above 11767-11800 range is must for further rise.

 
Click on Chart to Enlarge

In the Daily Nifty chart, I’ve drawn an Angular line, to show you present support of Nifty. There can be BOUNCE, or break down also from this point.

Critical Support for today in Intraday is at 11695/11650/11590 & Resistance is at 11755/11800/11860.

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