In the last Nifty Analysis, we discussed. Now bulls should protect 11800 as below that there can be more weakness & downside levels around 11750/11690 can be seen again. On the upper side, the primary resistance of Index is still around the 12000-12025 range.
Yesterday Index traded in the range of 90 points. It made the low around 11800, which was Gann support level and high around 11895.
The critical Time Cycle in Index is at play; I already mentioned it before at the end of October month about this cycle. The Nov month will be crucial for Index traders.
The Nifty swing trading plan is still the same; bulls need to hold 11800 Gann support level for a further bounce back.
On the upper hand, the 12000-12025 range will be a critical resistance area to observe for a new lifetime high.
Intraday Nifty Trading Levels for 15th Nov
Resistance for today in Intraday is at 11915 above the move towards 11950/12000/12090 can seen.
While Support for today is likely to come at, 11830 below that move towards 11795/11745/11655 can be seen.
Note: Above mention Price projection & other Information are for educational purpose only.
