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Nifty Intraday Trading View For 19 May

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In the last analysis, we discussed. For today’s Intraday, session,9200 will act as Resistance; above that, bulls can gain strength for the move towards 9250/9320/9440 levels. On the lower side, Gann support level for Nifty is at 9100, below that we can see the lower side movement, for the target of 9050/8980/8860 levels can come. 

After last analysis on Friday, Index opened gap up but bulls failed to hold the gain; And soon bears dragged the market towards the lower levels.

Then on Monday Nifty opened on the flat note. But weakness from last week looms again and bears pushed the market towards 8806 levels from 9158 high.

Nifty Gann Angle Chart

Now for today’s Intraday session, Gann support level for Nifty is at 8950, below that we can see the lower side movement, for the target of 8900/8830/8700 levels can come.

On the upper side, 9050 will act as Resistance; above that, bulls can gain strength for the move towards 9100/9170/9300 levels.

Note: The above-mentioned Price projection & other Information is for educational purpose only.

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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.