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Nifty Trading Plan for Jan Expiry

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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.

Nifty Daily Gann Angle Chart

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.

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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.