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[/vc_column_text][/vc_accordion_tab][/vc_accordion][/vc_column][/vc_row][vc_row row_height_percent=”0″ overlay_alpha=”50″ gutter_size=”3″ column_width_percent=”100″ shift_y=”0″ z_index=”0″ css=”.vc_custom_1555474893546{padding-top: 0px !important;padding-right: 0px !important;padding-bottom: 0px !important;padding-left: 0px !important;}”][vc_column width=”1/1″][vc_custom_heading heading_semantic=”h6″ text_size=”h6″ text_weight=”200″ text_transform=”uppercase”]This is a custom heading element.[/vc_custom_heading][/vc_column][/vc_row]