Nifty Technical Analysis for 31st May

In the Last Nifty Technical Analysis, we discussed. Bears need to trade below 11790 levels for the 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.
Nifty Technical Analysis for 31st May
Click on Chart to Enlarge

Yesterday Nifty traded upside and the high around 11968 levels.

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

Nifty Technical Analysis for 31st May

Critical Support for today in Intraday is at 11920/11880/11790 & Resistance is at 12000/12040/12130.

Note: Above mention price projection & other Information are for educational purpose only.

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.