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Nifty Gann Analysis for 25th Oct

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In the last Nifty Analysis, we discussed. The view is still the same; Bulls need to trade & hold above 11740 for another rally of 120-200 points. At the lower side, 11530-11500 zone will act short term significant support.

Yesterday Index opened on a positive note and made the high around 11679 levels, then moved lower towards 11534 near to our Gann support level.

The resistance on the upper side has now shifted at 11677 Bulls needs to trade & hold above that for another rally of 70/150 points.

On the downside, now the Gann Support level has shifted at 11530-11510 zone. It will act as a short term significant support area, below that we can see down move towards 11460/11400/11330 levels.

Intraday Nifty Trading Levels for 25th Oct

Resistance for today in Intraday is at 11625 above the move towards 11665/11725/11815 can seen.

While Support for today is likely to come at, 11560 below that move towards 11520/11460/11370 can be seen.

Note: Above mention Price projection & other Information are 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.