In the last Nifty Analysis, we discussed. For further decline, we should strictly watch out the level 11400. On holding below that, we can see a further decline towards 11330/11200 levels. On the upper side, 11555 will act critical Resistance above that we can see a move towards 11630/11720.
On Tuesday Nifty Index opened gap-up and made the high around 11554.
It failed to break the mentioned resistance level of 11555, and in the result of it, Index fell 300 points.
Below 11400 support level, it made the low around 11247 levels and did our 1st target.