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Nifty Analysis for Dec Expiry

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Updated On:

In the last analysis, we discussed. Nifty bulls need to trade above 12310 for the move towards 11365/11420 levels. On the downside now, support has been moved at 12140 below that we can see a move towards 12080/11990 range.

After our last post, Index on Tuesday made high around 12287 and lowed near 12200. Both upper & lower side were in the range of our support & resistance.

Nifty Daily Gann Angle Chart

The swing trading plan is still the same. Bulls need to trade & hold above 12310 & bears will get the strength below 12140 levels.

Today we have Dec Expiry for Nifty, so aggressive traders can look to go for short below 12195 for the move towards 12150/12090 range. The upside level is the same 12310 for expiry day.

Intraday Nifty Trading Levels 26th Dec

Resistance for today in Intraday is at 12275 above the move towards 12305/12355/11435 can seen.

While Support for today is likely to come at, 12200 below that move towards 12170/12120/12040 can be seen.

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

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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.