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Nifty Bounced Back From Gann Mathematical Support Level

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In the last analysis, we discussed. Nifty 8217-8190 is a critical area, on holding below that we can see lower levels. On the upper side above 8455, we can see bulls getting some strength for today’s session.

In the Thursday session, Index opens the gap down and made the low around 7830 levels.

Yesterday Nifty Index low of 7830 is the critical Gann mathematical number; the same was posted on Facebook during the live market. After making the low at the Gann support level, Nifty bounced almost 700 points by the end of the day.

Now for today’s session, 8140-8120 is the support area, on holding below that we can see lower levels. 

On the upper side, 8311-8325 will act as Resistance; above that, we can see bulls getting strength during today’s session.

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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.