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 in 11530-11500 range, which will act as significant short term support.
Yesterday Index opens on a flat note and made the low around 11554 levels, then moved upwards towards 11651.
The state election result declaration of Maharashtra & Haryana will be the critical event for today and can add volatility in the markets today.
The view is still the same; Bulls need to trade & hold above 11740 for another rally of 120-200 points. At the lower side, 11530-11500 zone will act short term significant support.
Intraday Nifty Trading View/ Levels for 24th Oct
Resistance for today in Intraday is at 11655 above the move towards 11685/11735/11825 can seen.
While Support for today is likely to come at, 11575 below that move towards 11545/11495/11405 can be seen.
Note: Above mention Price projection & other Information are for educational purpose only.