As posted in the last analysis: Nifty is completely following & respecting our plan till now still, bears are in full control & can take the Index near 10700 levels. Bulls will get active only above 10950 for the move towards 11077/11150.
Yesterday Nifty made the low of 10718 which we were expecting since the 10940 level was broken away. Now, we are inching towards vital support area of 10700-10670, which can act as good support if not breached on EOD basis & it may help the Bulls in turning the things in their favor & Bulls will get active only above 10950 for the move towards 11077/11150.
Above I’ve posted an hourly chart on which I’ve drawn the angle for any serious rise Nifty should move above this angled line, if that happens then probably that will be the first & good sign for short-term reversal.
Critical Support for today in Intraday is at 10720 / 10670 / 10610 & Resistance is at 10780 / 10830 / 10910.
Note: Above mention price projection & other Information are for educational purpose only.
