Nifty Technical Analysis 16th May
In the Last Nifty Technical Analysis we discussed. Bulls need close above 11252 for the move towards 11350/11420. Bears need to move below the 11000-11050 range for further downside.
Yesterday Nifty made the high around 11286 & corrected almost 150 points, struggling near 11290 levels.
It’s is a classic example of how earlier Nifty Support (11290) now acting as Resistance.
The view is still the same, on close above 11252, Nifty Bulls can rally towards 11350/11420 and Bears must save 11000 on EOD basis.
Nifty Technical Analysis 16th May Trading Levels
Support for today in Intraday is at 11110/11065/10980 Nifty Resistance is at 11200/11245/11320.
Note: Above mention price projection & other Information are for educational purpose only.