…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.
