Nifty Analysis for 20th Aug

In the last Nifty Analysis, we discussed. Nifty bulls traded above 11036 but failed to give EOD close above it. For further upside, we need close above 11036 levels. On the lower side, Nifty Bears need to trade below 10900 for the move towards 10850/10790/10720.

On Friday, Nifty took the support from near to 10900 and has bounced almost 250 points.

Yesterday Index opened on positive not but in the last Nifty bears drag the market and almost all the day gain wiped out.

Now moving forward Nifty bulls need to break & sustain above 11185 for further rise.

On the lower end strong support is still at 10900 levels only. So, below that only we can again see some inexorable slide.

Nifty Intraday Trading Levels for 20th Aug

Resistance for today in Intraday is at 11090 above the move towards 11125/11175/11245 can seen.

While Support for today is likely to come at, 11000 below that move towards 10965/10915/10845 can be seen.

Note: Above mention Price projection & other Information are for educational purpose only.

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.