April 17, 2020

In the last analysis, we discussed. 8830 Nifty level is the support. Below that we can see the lower side movement, for the target of 8770/8680/8530 levels can come. On the upper side, 9000 will act as Resistance; above that, we can see bulls gaining strength, for the move towards 9060/9150/9300 levels.

In Thursday’s Intraday session, Nifty opened gap down. And hit the low around 8821, which was near to near to the intraday support level. 

Later in the day bulls pushed the market towards higher side. At end of the day, Index made the high around 9053 levels and gave closing just below 9000 levels. 

nifty

Yesterday our Gann angle line helped in locating the trend change during Intraday session, which helped in finding the early Buy side entry for substantial Intraday profits.

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

Today market can open gapup, so I’m giving the levels according to it.

Now for today’s Intraday session, 9135 Nifty level is the support. Below that we can see the lower side movement, for the target of 9070/8980/8830 levels can come. 

On the upper side, 9255 will act as Resistance; above that, we can see bulls gaining strength, for the move towards 9320/9400/9550 levels.

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

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