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Nifty Gann Trading Levels For 20 May

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In the last analysis, we discussed. 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.

In Tuesday session, Index opened gap up and after hitting the high around Gann Intraday Resistance 9030 level; it started correcting again.

Nifty bears below 8950 became more strong & did almost second target on the sell side.

Nifty Intraday Gann Angle Chart

Now for today’s Intraday session, the Gann support level for Nifty is at 8830, below that we can see the lower side movement, for the target of 8780/8710/8560 levels can come.

On the upper side, 8970 will act as Resistance; above that, bulls can gain strength for the move towards 9020/9090/9240 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.