…Nifty MAY Expiry Day Trading Analysis
In the Last Nifty Intraday Technical Analysis, we discussed. The chances of further upside are more, but there is minor Resistance in the 12010-12020 range. Trading above it will add new positivity in the probability of upside.
Yesterday Nifty made the high around 11931 levels & from there it fell almost 100 points in intraday.
For further downside, Nifty need to trade below 11790 levels for the 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:
Support for today in Intraday is at 11815/11770/11680 & Resistance is at 11890/11935/12020.
Note: Above mention price projection & other Information are for educational purpose only.
The indices rallied last week, favored by a surge in banking stocks. A Clear sign a big upside was already present before. The big trading moves