Technical Research


To trade into stock market get the technical analysis of Nifty and for individual stocks.

Fund NameNSE CodeBSE Code
Motherson Sumi LimitedMOTHERSUMI517334
ITC LimitedITC500875
SBISBIN500112

Nifty reached to its resistance level of 11859 in just one session after result of exit poll showing in favour of BJP-led NDA will get majority.

With a gap up opening it reached a high of 11826, index formed a bullish candle on daily chart it has reached to its resistance and not good level to go long on nifty, with 29% drop in India VIX which indicates a bull run should start from here if the actual poll result on 23 May matches the exit poll result it can even reach to 12000.

Looking at today’s daily technical chart we can see their is resistance at 11,859 with a third resistance breakout at 11,798

second resistance breakout at 11,549 and first resistance breakout at 11,312 support is coming at 11,118.

with all these developments on technical chart and political scenario will suggest to wait for d-day to pass and let the market settle down after poll result to reenter the market with new positions

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