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Nifty Tumbles 180 Points Below 12010

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We discussed the last Nifty Technical Analysis. Bulls are in a strong position, and they need to Protect 12010 on an EOD basis for further rise. Nifty Bears will get active below 12010 for the move towards the 11960/11910/11800 price level.

Yesterday, Nifty Tumbles 180 Points Below the 12010 support level. As soon as the Nifty broke below the 12010 support level, it started falling.

At the End of the day, the Nifty tumbled 180 points and made a low of around 11830. Bears achieved almost all their targets below the 12010 support level.

From a short-term perspective, the Bears have an advantage. It will be critical to see if the Nifty trades below 11800 levels to further downside.

Nifty Intraday Trading Outlook for 07th June

Nifty intraday Support is at 11825/11785/11700, and resistance is at 11890/11930/12025.

Note: The above-mentioned price projection & other Information are for educational purposes only.

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About the Author

Divesh Jotwani is a Full-time trader in the Indian stock market. He has spent over 20+ years researching and discovering WD Gann's methods and applying them day in and out markets.