In the Last Nifty Intraday Technical Analysis, we discussed. Bulls need to sustain above 11870 to rise further & Nifty bears will get active below 11640 only.
Yesterday was like a consolidation day before the Nifty Intraday Election Day, which is today’s Result declaration event.
The view from a short-term perspective is still the same.
Bulls need to close above 11870 for further rally. Nifty Bears will have a chance of only below 11640 levels.
Apart from this, the Major support of Nifty at present is at 11135-11180.
Nifty Intraday Outlook: Election Result Day
Today’s Intraday support is at 11640/11550/11425, and Nifty Resistance is at 11780/11875/11999.
Note: The above-mentioned price projection & other Information are for educational purposes only.
