Nifty Trading Near Angular Support Area

In the last Nifty Analysis, we discussed. In the last analysis, we discussed. Nifty bulls need to hold 11800 Gann support levels for a further bounce back. On the upper hand, the 12000-12025 range will be a critical resistance area to observe for a new lifetime high.

After our last post, Index made the high around 11973. From there yesterday, it made the low around 11867.

We have already got nearly 180 points bounce from the 11800 Gann support level. In fact, on the upper side, our resistance 12000-12025 is working nicely.

On the Daily time frame, Nifty is trading in a small range of 180-200 points. At the same time, if we move towards the lower time frame like Hourly will find Index is trading near Angular support area.

This Angular support area is at work from the past couple of trading sessions, and now soon, we will see either side move.

Our swing trading view is still the same below 11800; we can see further slide towards 11730/11600 levels.

For a substantial upside, we should carefully watch the 12000-12025 Gann resistance zone for upside clues.

Nifty Intraday Trading Levels for 19th Nov

Resistance for today in Intraday is at 11920 above the move towards 11955/12010/12100 can seen.

While Support for today is likely to come at, 11850 below that move towards 11815/11760/11670 can be seen.

Note: Above mention Price projection & other Information are for educational purpose only.

About the author

Divesh Jotwani is a Full-time trader in the Indian stock market. He has spent over 20+ years researching and discovering WD Gann's methods and applying them day in and out markets.