In the last Nifty Technical Analysis, we discussed. Nifty Bulls should keep an eye on 11750 levels. As holding above it, can give some strength to the bulls. The Nifty Bears should watch 11640 levels, for further downside.
Yesterday Above 11750 Nifty Bulls gets the momentum and rallied towards 11800 levels. But soon Bears and Nifty gave up all Intraday gains.
However, Intraday trading levels rewarded us well with 50 points profit gain.
Later in the day, Nifty went below 11640 but was not able to sustain, and soon it bounced back.
Yesterday volatile Intraday move was the effect of ‘Natural Time Cycle’ period.
I had already talked about it in my weekly analysis here.
Nifty Technical 20th June Analysis
At present Bears are having an advantage. But, in the meanwhile Bulls are creating crucial support around 11600-11570 levels.
Any close below 11570-11600 range, will add further down side pressure on the index.
On the upper side, Intermediate Resistance is at 11840-860 range.
Nifty bulls need to close above it for getting the momentum back.
Nifty Technical 20th June Intraday Trading Levels
Support for today in Intraday is at 11670/11630/11560 & Resistance is at 11750/11790/11860.
Note: Above mention price projection & other Information are for educational purpose only.
Nifty Bank Nifty Weekly Forecast 28 Sep-01 Oct
The ice melting move of last week pushes the Index towards one month lower levels. Nifty Breaks The Last 11185 Swing Low and ended the week
Nifty Breaks The Last 11185 Swing Low
The volatility stands high. During such times you should remain extra cautious before making the trade. The chance for lower levels are high. Till Nifty 50 Index holds
Nifty Analysis After Today’s Big Fall
Nifty Price Action Holds The Key Now For Bulls Bears continue the show of last week. And today show their potential. The bears can deliver more