Nifty Rises 600 points above 11252

In the Last Nifty Technical Analysis, we discussed. Nifty gave close above the 11252, So we can expect a positive move in the coming days.

Once we get closed above the 11252 Nifty Bulls gained the momentum back & yesterday, Nifty rises 600 Points. Nifty made the high around 11850 levels.

The market has shown Positive reaction after Exit Poll. However, it will be interesting to see how the market will react to 23rd ( Actual Result Day) if BJP gets the clear majority.

Nifty Rises 600 Points Continues...

Click on Chart to Enlarge

Nifty Bulls need to hold above 11870 levels for the move towards 11945/12030/12200 levels.

Bears will have there chance only below 11640 levels.

Nifty Technical Analysis for 21st May

Support for today in Intraday is at 11770/11710/11630 Resistance is at 11880/111935/12020.

Note: Above mention price projection & other Information are for educational purpose only.

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.