In the last Nifty Analysis, we discussed. Bulls need to break and hold above 11740 for a further rise towards 11810/11950 levels. On the lower end, we carefully need to watch the Price action near the 11530-11500 range, which will act as significant short-term support.
Yesterday, the Index opened on a flat note, making the low around 11554, then moving upwards towards 11651.
The state election result declaration of Maharashtra & Haryana will be a critical event today and can add volatility to the markets.
The view is still the same: Bulls need to trade & hold above 11740 for another rally of 120-200 points. The 11530-11500 zone will act as short-term significant support on the lower side.
Intraday Nifty Trading View/ Levels for 24th Oct
Resistance for today in Intraday is at 11655. Above, the move towards 11685/11735/11825 can be seen.
While today’s support is likely to come at 11575, a move towards 11545/11495/11405 can be seen below that.
Note: The above-mentioned Price projection & other Information are for educational purposes only.
