Nifty Intraday Analysis for 21st April

In the last analysis, we discussed.9135 Nifty level is the support. Below that we can see the lower side movement, for the target of 9070/8980/8830 levels can come. On the upper side, 9255 will act as Resistance; above that, we can see bulls gaining strength, for the move towards 9320/9400/9550 levels.

After Friday’s analysis, Index opened gapup & hit the high around 9324 levels. From there, market corrected all the way towards 9091 range. 

Then on Monday Nifty again opened gapup & made the high around 9390 levels. And at EOD it settled lower, around 9261 range.

Nifty

For today’s Intraday session, 9190 Nifty level is the support. Below that we can see the lower side movement, for the target of 9140/9070/8950 levels can come. 

On the upper side, 9350 will act as Resistance; above that, we can see bulls gaining strength, for the move towards 9400/9470/9570 levels. 

Note: Above mention Price projection & other Information is 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.