We discussed the last Nifty Analysis. Strong support for the Nifty is at 10750. One should carefully watch the Price action near this support level. On the upper side, resistance is at 10960. Only above that can we see the Bulls regain strength again.
Yesterday, the Index opened a gap-up, and it traded in a small range of 40/50 points for the whole day.
As per the analysis of Market forces, the Bulls were slightly strong in the previous session. However, they failed to get a positive EOD close.
It will be quite interesting to see if the Bulls can bounce back, as the Index is also trading near a critical fixed-time cycle period.
The Nifty swing trading levels are still the same. Bulls need to move above 10960 to regain their energy. Bears need to break and sustain below 10750 to continue sliding.
Intraday Nifty Trading View/Levels for 19th Sep
Resistance for today in Intraday is at 10890. Above that, the move towards 10925/10975/11050 can be seen.
While today’s support is likely to come at 10800, below that, a move towards 10765/10715/10640 can be seen.
Note: The above-mentioned Price projection & other Information are for educational purposes only.
