We discussed this in the last Nifty Analysis. Nifty bulls have to break and close above 11090. On the downside, the Index has multiple support in the 10920-10886 range.
After our last post-Nifty made the low around 10948 on Friday and bounced towards 11084 levels, however, Index failed to break our resistance level of 11090.
As a result, on Monday, Nifty opened lower and continued to trade lower on a weaker note for the whole session.
Now, moving ahead, Nifty bulls need to 11090 to continue their upside movement.
On the lower side, 10950-10938 is the KEY area. If Nifty sustained below that, then we can see a fall towards 10885/10820/10740 levels.
Nifty Intraday Trading Levels for 17th Sep
Today’s Intraday resistance is at 11030, above which the move towards 11065/11115/11190 can be seen.
While Support for today is likely to come at 10960, below that, a move towards 10925/10875/10800 can be seen.
Note: The above-mentioned Price projection & other Information are for educational purposes only.
