We are pleased to announce the launch of our New website dedicated to WD Gann's work.

Nifty Gann Analysis for 23rd Jan

Published On:

Updated On:

In the last analysis; we discussed. If Nifty breaks & holds below the 12150-12130 range, then we can expect the down move towards the 12065/11990 range. On the upper side, 12250 will act as resistance above that we can see the move towards 12300/12380 levels.

Yesterday Index opened a gap-up, but it failed to hold the gains, and soon bears dragged the market towards the lower side.

Once the Nifty breaks the 12130-12150 previous ‘Gann Square’ range, it becomes weaker & makes the low around 12087 levels.

Now moving ahead, on the daily chart market is trading near-critical Gann Angle support line.

The Nifty Bears now need to break & hold below that angle support line for further decline. The level will come around 12085, below that we can see a slide towards 12045/11990 levels.

On the upper side, above 12185 Nifty bulls will get some strength for the move towards 12250/12320 levels.

Nifty Intraday Trading Levels for 23rd Jan

Resistance for today in Intraday is at 12160 above the move towards 12190/12240/12310 can be seen.

While Support for today is likely to come at, 12080 below that move towards 12050/12000/11930 can be seen.

Ready to look Deeper into WD Gann's Breakthrough work?

Subscribe now and elevate your understanding of WD Gann's techniques through our informative blog posts. Your path to learning begins here!

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.