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Nifty Technical Trading View for 27th Dec

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In the last analysis, we discussed. Nifty Bulls need to trade & hold above 12310 & bears will get the strength below 12140 levels. Today we have Nifty Expiry, 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.

Yesterday Index opened on flat note & soon after it bears dragged the Nifty towards lower levels.

Our Expiry trading session levels rewarded us well as below 12195 Index made the low around 12118; almost 75 points gain.

Nifty Daily Gann Angle Chart

In the previous trading session, Nifty broke below the 12140, which indicates short-term weakness in the market.

Now moving ahead, we can see some further decline; towards 12050 levels.

On the upper side, 12180 is the resistance holding above that can bring bulls back into the game.

Intraday Nifty Trading Levels 27th Dec

Resistance for today in Intraday is at 12180 above the move towards 12210/12260/11340 can seen.

While Support for today is likely to come at, 12100 below that move towards 12070/12020/11940 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.