We discussed the last Nifty Technical Analysis. At present, the Bears have an advantage. Meanwhile, the Bulls are creating crucial support around 11600-11570 levels. If Nifty closes below this range, then we can see some more slides in the index. On the upper side, the Intermediate Resistance for Nifty is at the 11840-860 range.
Yesterday, Nifty opened on the lower side, but soon it started zooming. Our Intraday trading levels rewarded us well with almost 100 points profit gain.
Such market moves are because of the Natural Time Cycle period. I had already talked about it in my weekly analysis here.
Nifty Technical Analysis for 21st June Continues…
The Bulls have shown a good bounce back of 200 points from the lower levels.
It will be interesting to see if they maintain this momentum.
There has been a change in view. The critical hurdle for the Nifty bulls is in the 11889-11914 range.
Any close above it will add momentum back to the Bulls, and a rise towards 12020/ 12135 levels can be seen.
Nifty Technical Analysis 21st June: Intraday Trading Levels
Support for today in Intraday is at 11797/11760/11690, & Resistance is at 11855/11890/11960.
