The election results saw both Nifty and Sensex test their historic highs.
NSE Nifty50 will find stiff resistance in the 10,760-10,850 zone going ahead.
NSE Nifty has failed to achieve a clear breakout from the double top resistance at 11,760.
Wednesday’s session is likely to see 11,750 and 11,810 levels act as immediate resistance.
The 11,860 and 11,935 levels are likely to act as immediate resistance points for NSE Nifty.
Traders should stay away from aggressive bets & continue to adopt a high degree of caution.
The seven-phase polling in the general election comes to an end this Sunday.
Friday’s session is expected to see 11,310 and 11,400 levels act as immediate resistance.
Nifty50 index has settled just above its 100-DMA, which stands at the 11,135 level.
The 11,225 and 11,300 levels are likely to act as immediate resistance on Tuesday.
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