IDX:NIFTY 50 - 1338809
NIFTY VIEW AS ON 20th SEP 2020 (Intraday support broken)

As we have seen on Friday we had our intraday support zone of 11530 which was broken after a big volatile move that we got during ending period of session. This level may now act as a resistance if NIFTY decides to move below. The next level zones to watch out for

MEDIUM TERM SUPPORT ZONE LEVEL 11385-11435 (Swing position support zone)

LONG TERM SUPPORT ZONE LEVEL 10830-10920 (Long term position support zone)

Overall Conclusion : Nifty as broke below the low of Thursday which was also our requirement to confirm breakdown of intraday support. However our swing position zone as mentioned above is intact and it will be difficult to break below this. Overall broader market most of the stocks are near end of there correction if any which is positive for market. We will see what comes next as we can expect Nifty to move for our Medium Term Support Zone !!