Nifty Gann Analysis for 31st Oct

In the last Nifty Gann Analysis, we discussed. Nifty bulls need to hold 11745 for maintaining the stable position. On the upper side, 11853 is the critical Gann resistance level, above that, we can again see the rally of 75/150 points.

Yesterday Index open gap up and made the high around 11884. In the rest of the Intraday trading session, Nifty traded in a small range of 45-60 points.

The view is still the same, till Nifty bulls are holding 11745 we can see higher levels.

On the upper side now Resistance for Nifty is in the range of 11973-12005, a close above that will add good strength to this ongoing rally.

Nifty Intraday Gann Trading Levels for 31st Oct

Resistance for today in Intraday is at 11895 above the move towards 11940/12010/12100 can seen.

While Support for today is likely to come at, 11800 below that move towards 11755/11685/11595 can be seen.

Note: Above mention Price projection & other Information are 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.