In the last Nifty Technical Analysis, we discussed. Bulls have shown a good bounce back of 200 points from the lower levels.
There is a change in a view, the critical hurdle for the Nifty bulls is at 11889-11914 range. Any close above it will add the momentum back in Bulls.
On Friday, Nifty corrected almost 100 points and closed on the lower side.
Yesterday Nifty movement was just like the range-bound move. If we see Index is sustaining at the lower levels, rather than on higher levels.
Nifty Technical Analysis for 25th June Continues...
At present Nifty Index is trading near Critical Gann Price-Time support level.
Nifty Bulls should keep an eye on 11630 Gann Price Time support level. Any close below it will take the Index towards 11450 around levels.
On the upper side, 11914 is the primary hurdle for the Nifty for change in trend.
Nifty Technical Analysis 25th June Trading Levels
Support for today in Intraday is at 11660/11625/11550 & Resistance is at 11730/11770/11840.
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