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Nifty Analysis for 15 Oct

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In the last Nifty analysis, we discussed — bulls in Nifty need to move above 11423 for getting back the charge. On the hand, bears will get become active below 11270 levels.

After our last post, Nifty made the high around 11400 and moved below 11270 levels and did our almost target of 11080.

In fact yesterday also Nifty made the high of 11420 and fell 80 points in the last hour of trading.

The plan is still the same; Bulls need to trade and close above 11423 for the target of 11490 & 11600.

The support at present is still at 11270 only. On holding below that, we can see the downside move of 100/180 points again.

Intraday Nifty Analysis for 15th Oct

Resistance for today in Intraday is at 11400 above the move towards 11445/11520/11630 can seen.

While Support for today is likely to come at, 11300 below that move towards 11255/11180/11070 can be seen.

Note: Above mention Price projection & other Information are 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.