April 9, 2020

In the last analysis, we discussed. For today’s trading session, 8700 Nifty level is the support. Below that we can see the lower side movement, for the target of 8640/8550/8390 levels can come. On the upper side, 8940 will act as Resistance; above that, we can see bulls gaining strength, for the move towards 9000/9090/9250 levels.

In Tuesday’s session, Nifty Index opened gap down & hit the low was around 8653 level. From their bulls took’s the charge and pushed the market towards higher side. Above, 8940 Nifty Index did the second, after doing the whipsaw on the sell side.

The Nifty bears are forming the cluster of multiple Resistances in 9100-9320 range. For further upside clues bulls need to close & hold above this zone.

Nifty Intraday Gann Angle Chart

Yesterday our unique Gann angled line helped in locating the trend change. In the live session I put the Blue Angle Line, which helped in finding the early sell entry for substantial Intraday profits.

Today, I’ve placed the ‘Gann Angle Line’ from the top. It will act as a guide for Intraday session. 

For today’s Intraday session, 8700 Nifty level is the support. Below that we can see the lower side movement, for the target of 8630/8530/8280 levels can come. 

On the upper side, 8830 will act as Resistance; above that, we can see bulls gaining strength, for the move towards 8900/9000/9250 levels.

Note: Above mention Price projection & other Information is for educational purpose only.

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