Dear Friends###
As per previous article Resistance level of 11770 nifty taken Resistance from 11694 and short term support at 11025 taken support from 11090.Now Nifty crossed the medium term resistance of 11770,so Nifty will take temporary support at 11770,Please trade with utmost cautious at Higher levels with Hedge your position.
What next???
As per elliot wave and Gann analysis Nifty Support & Resistance Level are as below
Temporary Support-11770
Short term support-11600
Medium term support-11400
Weekly Resistance-12155
Long term Resistance-12550
Utmost care & cautious for Nifty above 12155& 12550,will update latter about long term Probable truncation level from microeconomics front as Nifty approaching that long term levels also.
Postive feedback & Constructive criticism are most welcome here.
Note- The above support & Resistance level are my personal view for Educational purpose only.Please read Disclaimer above right,
