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Nifty Short-term Trading View After 1000 Points Fall

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After 1000 points, correction bulls got the support near the 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 the 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 the 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 ranges 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 at 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: 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.