In the last Nifty analysis, we discussed. For Intraday trading session, 7685-7670 is the support zone on remaining below that we can get lower side move. On the upper side, 7907-7920 will act as Resistance; above that, we can see bulls gaining strength during today’s session.
In the Wednesday’s session, Index opened on a flat note, and formed the low around 7714 levels, close to our pre-mentioned 7685-7670 support area.
From their bulls came into the play and pushed the Nifty towards higher levels.
Above, I’ve placed the ‘Gann Angle’ unique line on Nifty 15 mins time frame, which acts as a guide during an Intraday session for trading with the trend.
For today’s Intraday trading session, 8225-8201 is the support zone on remaining below that we see the lower side move for the target of 8150/8070/7900.
On the upper side, 8410-8429 will act as Resistance; above that, we can see bulls gaining strength, for the move towards 8480/8560/8730 levels.
