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.
Last week on Monday, after hitting a low around the critical Gann level, both Nifty and Bank Nifty traded higher for the rest of the
Last week, Gold and Silver traded higher and gave the close in the vital zone. Both precious metals can show higher levels in coming sessions.