April 23, 2020

In the last analysis, we discussed. 8940 Nifty level is the support. Below that we can see the lower side movement, for the target of 8880/8800/8650 levels can come. On the upper side, 9070 will act as Resistance; above that, we can see bulls gaining strength, for the move towards 9130/9210/9360 levels.

In Wednesday’s session, Index opened gap-up and after market consolidation near support bulls pushed the market towards high levels. Above 9070 Nifty did our 2nd target.

nifty

Now for today’s Intraday session, 9140 Nifty level is the support. Below that we can see the lower side movement, for the target of 9080/9000/8850 levels can come. 

On the upper side, 9260 will act as Resistance; above that, we can see bulls gaining strength, for the move towards 9320/9400/9550 levels. 

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