‘TWO’ Decisive Levels Nifty Bulls Need To Watch

The Nifty Index bulls are hovering around significant levels. You should watch these 'TWO' levels for the next significant move.

After breaking the 11390 Gann resistance level and Angle line, bulls have done an excellent job.

Let's discuss 'TWO' Critical Levels for Nifty Bulls On the chart.

First, bulls need to HOLD 11420 levels.

The market action is intense around the 11420 range. So if bulls have to move up, they need to hold it.

The Nifty Index can visit the 11380/11300/11185 range if Nifty bulls fail to hold the 11420 Gann support level.

The next Second critical point is the 11575 level.

If incoming sessions, bulls manage to break and hold above that, you can see the higher levels.

The 11650/11720/11850 levels will be the potential target above the 11575 Gann resistance point.

The cycle of lows in Nifty 50 Index has worked well from the last 11185 swing low. That's why the Probability for upside is high.

But, the chance of moving down also cannot be ruled out. Because at the present market is reacting to the news as well.

For following the market trend, you can mix both the critical levels with your analysis. -Divesh.

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.