In the last Nifty Technical Analysis, we discussed. Bulls are in a strong position, and they need to Protect 12010 on EOD basis for further rise. Nifty Bears will get active below 12010, for the move towards 11960/11910/11800 price level.
Yesterday, Nifty Tumbles 180 Points Below 12010 support level. As soon as Nifty break below the 12010 support level, it started falling.
At the End of the day, Nifty tumbles 180 points and made the low around 11830 levels. Bears did almost all there targets below 12010 support level.
From a short-term perspective, Bears have an advantage. It will be critical to see if Nifty trade below 11800 levels for the further downside.
Nifty Intraday Trading Outlook for 07th June
Nifty Support for today in Intraday is at 11825/11785/11700 & Resistance is at 11890/11930/12025.
Note: Above mention price projection & other Information are for educational purpose only.