In the Last Nifty Intraday Trading Outlook analysis, We discussed. Bulls need close above 11870 for further rise and Bears need the close below 11620 support level for any down move.
Yesterday, Nifty made the high around 11957 & we get the closing above 11870 resistance level.
There is a high probability of further rise in Nifty. We can see the levels of 12020/12110/12220, in the next coming few sessions.
There is excellent support for the Nifty in the range of 11700-800, so Bears will have there chance only below this range.
Nifty Intraday Trading Outlook 28th May
Nifty Support for today in Intraday is at 11880/11835/11770 & Resistance is at 11955/12005/12075.
Note: Above mention price projection & other Information are for educational purpose only.
Last week on Monday, after hitting a low around the critical Gann level, both Nifty and Bank Nifty traded higher for the rest of the
Last week, Gold and Silver traded higher and gave the close in the vital zone. Both precious metals can show higher levels in coming sessions.