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Nifty May Expiry Day Trading Levels

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…Nifty MAY Expiry Day Trading Analysis

We discussed the Last Nifty Intraday Technical Analysis. The chances of further upside are higher, but there is minor Resistance in the 12010-12020 range. Trading above it will add new positivity to the probability of an upside.

Yesterday, the Nifty reached a high of around 11931 levels, and from there, it fell almost 100 points intraday.

For further downside, the Nifty needs to trade below 11790 levels to move towards the 11740/11660/11550 levels.

Nifty Bulls need to trade above 11950 for a step towards the 12025/12100/12220 levels.

The Resistance range 12010-12020 is still valid, and Nifty Bulls need to break this range of closing basis.

Nifty May Expiry Day Trading levels: 

Today’s Intraday support is at 11815/11770/11680, and resistance is at 11890/11935/12020.

Note: The above-mentioned price projection & other Information are for educational purposes only.

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About the Author

Divesh Jotwani is a Full-time trader in the Indian stock market. He has spent over 20+ years researching and discovering WD Gann's methods and applying them day in and out markets.