In the last Nifty Analysis, we discussed.The strong support for the Nifty is at the level Of 10750. One should carefully watch the Price action near the mentioned support level. On the upper side resistance is at 10960 levels above that only we can see Bulls again getting back the strength.
Yesterday Index opened gap-up, and for the whole day, it traded in a small range of 40/50 points.
As per the analysis of Market forces, in previous session Bulls were slightly strong. However, it failed to get a positive EOD close.
It will be quite interesting to see if the Bulls can make the bounce back as Index is also 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.
Intraday Nifty Trading View/Levels for 19th Sep
Resistance for today in Intraday is at 10890 above the move towards 10925/10975/11050 can seen.
While Support for today is likely to come at, 10800 below that move towards 10765/10715/10640 can be seen.
Note: Above mention Price projection & other Information are for educational purpose only.