As posted in the last analysis: Nifty gave the close above 10760 which illustrates more upside ahead in coming sessions for the target of 10830/10950 levels. From short term perspective, Bears are still having upper hand & from higher side levels probably will again see the selling pressure.
Nifty made the high 10887 above 10760, which was a good 130 points profit move. Now, Nifty is inching towards a critical resistance zone of 10920-10950 level, where it can get resisted. Bears will get active below 10800 for a move towards 10720/10610. Present ‘Bank Nifty’ Trend from Intraday Chart
Critical Support for today in Intraday is at 10840 / 10795 / 10720 & Resistance is at 10900 / 10950 / 11075.
Note: Above mention price projection & other Information are for educational purpose only.
