We discussed the Last Nifty Technical Analysis. The Nifty closed above 11252, so we can expect a positive move in the coming days.
Once we closed above 11252, the Nifty Bulls gained momentum back, and yesterday, the Nifty rose 600 Points. The Nifty made a high around 11850.
The market has shown a Positive reaction after Exit Poll. However, it will be interesting to see how the market will react to the 23rd ( Actual Result Day) if BJP gets the clear majority.
Nifty Rises 600 Points Continues…
Nifty Bulls need to hold above 11870 levels to move towards 11945/12030/12200 levels.
Bears will have a chance of only below 11640 levels.
Nifty Technical Analysis for 21st May
Intraday support is at 11770/11710/11630. Resistance is at 11880/111935/12020.
Note: The above-mentioned price projection & other Information are for educational purposes only.
