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February 13, 2020

Nifty Trading Near Critical Gann Square Level

In the last analysis, we discussed. For again gaining the momentum, Nifty bulls need to break & trade above 12110 for the move towards 12150/190/240 levels. On the lower side, Nifty bears need to break and hold below 11985 for the step towards the 11930/11870 range.

After our last post, Index moved above 12110, and yesterday made the high around 12231 levels, did our almost three targets on the upside.

Now bulls have almost reached the critical ‘Gann Square Level’ for further rise; Nifty bulls need to break and hold above 12230-240 range, for the target of 12305/12370 levels.

On the lower side, 12090-12080 will now act as support below that we can see a dip towards 12040/11990/11930 ranges.

Nifty Intraday Trading Levels for 13th Feb

Resistance for today in Intraday is at 12240 above the move towards 12275/12325/12415 can be seen.

While Support for today is likely to come at, 12165 below that move towards 12130/12080/11990 can be seen.

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