Nifty Trading Plan for Jan Expiry

30 January 2020

In the last analysis; we discussed. Till Nifty 50 Index is trading below 12220, we can see a further decline towards 12000/11950 range. On the lower end, the intermediate support is around 11950-955 range.

Yesterday Index opened the gap up and traded on the positive note for the whole session.

The trading plan for the Nifty 50 Index is still the same; Bulls need to move above 12220 for getting the strength back.

Till then, bears are in a strong position and can again drag the Nifty towards 12000/11950 levels. At the lower end, the intermediate support is around 11950-955 range.

Nifty Intraday Trading Levels for 30th Jan

Resistance for today in Intraday is at 12155 above the move towards 12185/12235/12705 can be seen.

While Support for today is likely to come at, 12090 below that move towards 12060/12010/11940 can be seen.

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.

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