In the last analysis, we discussed. For today’s Intraday session, 8700 Nifty level is the support. Below that we can see the lower side movement, for the target of 8630/8530/8280 levels can come. On the upper side, 8830 will act as Resistance; above that, we can see bulls gaining strength, for the move towards 8900/9000/9250 levels.
After last post on Thursday session, Index opened gapup & hit the high around 9128 level. Then on Monday, Nifty opened flat and traded in a small range of 200 points.
The Nifty bears are forming the cluster of multiple Resistances in 9100-9320 range. For further upside, bulls need to close & hold above this zone.
For today’s Intraday session, 9020 Nifty level is the support. Below that we can see the lower side movement, for the target of 8960/8870/8720 levels can come.
On the upper side, 9200 will act as Resistance; above that, we can see bulls gaining strength, for the move towards 9260/9350/9500 levels.
Note: Above mention Price projection & other Information is for educational purpose only.
