Nifty may see resistance and profit booking near 11520 & 11600 levels.
If these levels broken it may touch 11750.
If profit booking is more, Before elections it will get support 11235 & 11170.
Nifty will not go below 11170 levels before elections.
Next week, Result.
Immediate target :700-720
Infy broken the long term trading channel. If result isgood, it will catch up the old channel.
Other wise more down side expected below 670.
Nifty Last closing price is above the Important resistance level 10440-10450
Due to US Sell off nifty faced last week a huge drop and it wonderfully bounced within two days.
Nifty will be bullish next week if it trading above 10440. It will travel towards earlier trending channel.
Next resistance at 10550, 10740, 10870. If this full week bullish means...
NIFTY Still not Broken the Trend Channel.
Close watch by closing basis, if it closes below the trend line, Bearish for next few weeks.
NIfty is Bullish if it traded above 11170 and 11070.
Resistance at: 11240, 11340 levels.
Support At: 10930 to 10880