We discussed the last Nifty Trading Outlook. The Nifty closed above the angle line, suggesting the Bulls are getting strength. However, as per the study of Market forces, we can see some dips. That can be an excellent buying opportunity for further upside.
Yesterday, the Index opened on a positive note. However, soon after, bears came and dragged the Nifty below 11000 levels.
The fall/dip was expected. As I discussed in yesterday’s analysis, as per the study and analysis of market forces, we can see a decline, and the same thing happened in Nifty.
Above 11029, the Nifty almost reached our first target of 11090. Now, moving ahead, the Nifty bulls need to break and hold above 11090 levels for a further rise.
On the lower end, Nifty has multiple supports in the range of 10920-10886. So, we need to watch the Price action of the Index in this range for further clues about the trend.
Intraday Nifty Trading Outlook for 13th Sep
Resistance for today in Intraday is at 11010 above the move towards 11045/11095/11170 can be seen.
While Support for today is likely to come at 10940, below that move towards 10905/10855/10780 can be seen.
Note: The above-mentioned Price projection & other Information are for educational purposes only.
