In the last Nifty Analysis, we discussed: The Nifty bulls have shown high strength from the lower levels. But, now they are approaching to the Gann resistance area of 11895-11920 level.
If bulls successful surpass this Gann Resistance hurdle on EOD basis. Then we can see the rise of another 200-300 points.
Nifty continues to trade higher, after taking support from Gann level.
Yesterday Nifty again rallied almost 100 points from Tuesday closing price.
Bulls are now near to challenge their crucial Resistance. The Nifty range of 11895-11920 will be the intermediate hurdle for the ongoing rally.
Nifty Analysis for 27th June Continues...
If Nifty manages to move past this Resistance range, it may test the levels of 12025/12150 on the short term.
On the lower hand, the index earlier(on Tuesday) showed excellent outplay from near to Gann support level.
Now the Gann support level is at 11690, on closing below it index can test 11600/11480 levels.
Nifty Analysis: Trading Levels 27th June
Support for today in Intraday is at 11800/11760/11690 & Resistance is at 11875/11915/11990.
Note: Above mention price projection & other Information are for educational purpose only.
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