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Nifty Technical Analysis for 31st May

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Updated On:

In the Last Nifty Technical Analysis, we discussed. Bears need to trade below 11790 levels to move towards the 11740/11660/11550 levels.  Nifty Bulls need to trade above 11950 for a step towards the 12025/12100/12220 levels.  The Resistance range of 12010-12020 is still valid, and Bulls need to break this range of closing basis.

Yesterday, Nifty traded upside, and the high was around 11968 levels.

The view is still the same; the range of 12010-12020 is the Nifty Resistance which Bulls, need to break to continue their upside journey.

Nifty Technical Analysis for 31st May

Critical Support for today in Intraday is at 11920/11880/11790, and resistance is at 12000/12040/12130.

Note: The above-mentioned price projection & other Information are for educational purposes only.

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About the Author

Divesh Jotwani is a Full-time trader in the Indian stock market. He has spent over 20+ years researching and discovering WD Gann's methods and applying them day in and out markets.