In the last analysis, we discussed. For today’s session, 8545 is the support. Below that we can see the lower side movement for the target of 8485/8400/8150. On the upper side, 8725 will act as Resistance; above that, we can see bulls gaining strength, for the move towards 8785/8870/9120 levels.
In the Wednesday’s session, Nifty Index opened gap down. Once it broke below the 8545 market turned bearish and bears dragged the market towards lower end. At EOD Index made the low around 8198 levels, did our almost third target.
Above, I’ve placed the ‘Gann Angle’ unique line on Nifty 15 mins time frame, which will act as a guide during an Intraday session for trading with the trend.
For today’s trading session, 8200 is the support. Below that we can see the lower side movement for the target of 8140/8060/7900.
On the upper side, 8365 Nifty level will act as Resistance; above that, we can see bulls gaining strength, for the move towards 8425/8505/8665 levels.
Note: Above mention Price projection & other Information are for educational purpose only.