As posted in the last analysis: Nifty still trading near multiple resistance zones, until we are trading above 10849, the Bulls have the upper hand & the Bears need to protect EOD close above 10964 for a move towards 11035/11100/11300.
Yesterday, was consolidation day, as both High & Low made above & below our suggested levels, we need to wait for confirmation, for ridding the next trending move.
The view is still the same 10964 will act resistant, followed by 11000 levels of weekly resistance, and 10849 will act as support.
Above I’ve applied angle on Hourly chart, which will guide us today, during intraday, as holding above that can show again shift in momentum from bear to bull side.
Critical Support for today in intraday is at 10900 /10860/10800 & Resistance is at 10940 /10990/11085.
Note: Above mention Price projection & other Information are for educational purpose only.
