In the last analysis, we discussed. For today’s session, 8560-8580 is the support zone for Nifty Index. Below that we can see the lower side movement for the target of 8500/8410/8150. On the upper side, 8790-8810 will act as Resistance; above that, we can see bulls gaining strength, for the move towards 8870/8960/9220 levels.
After last post on Friday, Index opened gap up and made the high around 9038 levels. From there, Nifty bears dragged the markets towards lower side. And before the EOD it made the low near 8500 levels.
Then yesterday Nifty opened on the weaker note and after consolidation during the Intraday session, bears dragged the market towards lower side.
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, 8230-8217 is the support zone. Below that we can see the lower side movement for the target of 8150/8010/7830.
On the upper side, 8399-8416 will act as Resistance; above that, we can see bulls gaining strength, for the move towards 8485/8620/8800 levels.
Note: Above mention Price projection & other Information are for educational purpose only.