In the Nifty last analysis, we discussed. For today’s session, 8230-8217 is the support zone. Below that we can see the lower side movement for the target of 8150/8010/7830. On the upper side, 8399-8416 will act as Resistance; above that, we can see bulls gaining strength, for the move towards 8485/8620/8800 levels.
In the Tuesday’s session, Nifty Index opened strong gap up. Above 8416 bulls made the high around 8678 levels, did our 2nd target on the upside.
Yesterday our unique ‘Nifty Gann Angle’ line also helped us in staying with the market trend. That is the quality of correct Gann methods, they work like anything.
Now after getting the turn for the upside. Today I’ve placed the ‘Gann Angle’ from the bottom for tracking the market trend.
For today’s trading session, 8545 is the support. Below that we can see the lower side movement for the target of 8485/8400/8150.
On the upper side, 8725 Nifty level will act as Resistance; above that, we can see bulls gaining strength, for the move towards 8785/8870/9120 levels.
Note: Above mention Price projection & other Information are for educational purpose only.