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Nifty Short-term Trading View After 1000 Points Fall

Last Updated: October 6, 2020 By Divesh

After 1000 points, correction bulls got the support near august month low.

But the road ahead for bulls stands still hard. There are a few critical levels that bulls(Buyers) should watch.

So, Let’s discuss critical level for Nifty bulls.

First, bulls need to HOLD 11020-11000 range.

The market Price action is strong near the 11020-11000 range. On a short-term basis, bulls must secure the hold on such a support range.

If bulls fail to hold it, then Nifty Index can re-visit 10900/10800 levels in the short-term.

The next crucial level for Nifty bulls is to Break & hold up the 11295-11310 range.

The crucial resistance range from the Gann analysis perspective.

If incoming sessions, bulls break, and hold above the 11295-310 range, the market can visit higher levels. And then, targets will remain 11400/11510/11650 levels.

Before the next big move market can remain rangebound.

In such a state, you can look for buying prospects near the 11020-11000 range. And sell opportunity near 11295-310 range, using strict small stop-loss.-Divesh

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


Tags

Nifty Gann Resistance Range, Nifty Gann Support


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