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.