In the last Nifty Technical Analysis, we discussed. Bears have an advantage. Bulls need a close above 11840 to regain some energy back. On the lower side, 11570-11530 range is crucial for Nifty bulls. We can use the dip near 11530 for initiating long position with proper stop loss.
Yesterday Nifty showed some bounce from lower levels & made the high around 11727.
Nifty Technical Analysis for 19th June
For the next few sessions, Nifty Bulls should keep an eye on 11750 levels. As holding above it, can give some strength to the bulls.
Above 11750 we can see the move till 11840-860, over there intermediate Resistance for Nifty lies.
The Nifty Bears should watch 11640 levels, as below that further slide towards 11550-530 can be seen.
Nifty Technical Trading Levels for 19th June
Support for today in Intraday is at 11670/11630/11550 & Resistance is at 11730/11770/11845.
Note: Above mention price projection & other Information are for educational purpose only.
Last week, Nifty and Bank Nifty both moved higher after breaking above the Gann price cycle level. Coming 2-3 weeks is important as a couple