In the last Nifty Trading Outlook, we discussed. The Nifty closed above angle line suggests Bulls are getting strength. However, as per the study of Market forces, we can see some dip. That can be an excellent buying opportunity for further upside.
Yesterday Index opened on a positive note. However, soon after it Bears came and dragged the Nifty below 11000 levels.
The fall/dip was expected. As in the yesterday analysis, I discussed as per study & analysis of market forces, we can see a decline, and the same thing happened in Nifty.
Above 11029 Nifty almost did our 1st target of 11090. Now moving ahead Nifty bulls need to break & hold above 11090 levels for further rise.
On the lower end, Nifty has multiple supports in the range of 10920-10886. So we need to watch Price action of 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 seen.
While Support for today is likely to come at, 10940 below that move towards 10905/10855/10780 can be seen.
Note: Above mention Price projection & other Information are for educational purpose only.