In the Last Nifty Intraday Trading Outlook analysis, we discussed that bulls need to close above 11870 for a further rise, and Bears need to close below the 11620 support level for any down move.
Yesterday, Nifty made the high around 11957 & we got the closing above the 11870 resistance level.
There is a high probability of a further rise in Nifty. We can see the 12020/12110/12220 levels in the next few sessions.
Excellent support for the Nifty is in the range of 11700-800, so Bears will have their chance only below this range.
Nifty Intraday Trading Outlook 28th May
Nifty’s intraday Support is at 11880/11835/11770, and resistance is at 11955/12005/12075.
Note: The above-mentioned price projection & other Information are for educational purposes only.
