April 15, 2020

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.

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