Yesterday Nifty high was 11504 and started to move down at 11322. It was a big move over the single.
We have clearly updated that 11450 is the support, and it was broken then, Nifty future moved to 120 points from this support as EXPECTED by us.
Intraday 11304 is the support, if break this support then, we can see more 40-78 points down. Till there is not any single for up-trend but…, we have seen parallel flag pattern trend where nifty trading closely with downtrend line.
Intraday Resistance is 11384 where selling pressure can start again only intraday.
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