In the last Nifty Technical Outlook, we discussed. In the last Nifty Analysis, we discussed. Nifty is trading near-critical fixed time cycle period. The Nifty swing trading levels are still the same. Bulls need to move above 10960 for getting back the energy. Bears need to break & sustain below 10750 levels for further slide.
Yesterday Index opened gap down and continues to trade on the weaker note for the whole session. Once it starts trading below 10750, it becomes weaker and made the low around 10670 levels.
As we discussed in the previous analysis, Nifty is trading near-critical fixed time cycle period. So we can see more volatile swings in today’s session.
Now moving ahead Bears can drag the Index further towards 10645/10575/10480 levels.
On the upper end, Resistance has now shifted at 10835 above that Bulls will get some strength. Till then, we can see more weakness.
Intraday Nifty Technical Outlook/Levels for 19th Sep
Resistance for today in Intraday is at 10730 above the move towards 10765/10815/10900 can seen.
While Support for today is likely to come at, 10660 below that move towards 10625/10575/10490 can be seen.
Note: Above mention Price projection & other Information are for educational purpose only.