We discussed the Last Nifty Intraday Technical Analysis. Bulls are in a strong position, and we can see more upside in the upcoming sessions. From a short-term perspective, the 11700-11800 range is strong support. So bears will get active below this range only.
Yesterday was like consolidation day, and Nifty reached the low near 11864 levels.
Earlier, the 11870 area in Nifty was acting as Resistance on a closing basis.
Nifty minor resistance area analysis continues…
The view is still the same, and Nifty has more chances of further upside.
However, there is a minor resistance area for Nifty bulls in the 12010-12020 range, and trading above it will increase the probability of upside.
Critical Support for today in Intraday is at 11900/11860/11750 & Nifty Resistance is at 11976/12020/12120.
Note: The above-mentioned price projection & other Information are for educational purposes only.
