In the last Nifty Analysis, we discussed how the Nifty bulls have shown high strength from the lower levels. But now they are approaching the Gann resistance area of 11895-11920.
If the Bulls succeed in surpassing this Gann Resistance hurdle on an EOD basis, then we can see a rise of another 200-300 points.
Nifty continues to trade higher, after taking support from the Gann level.
Yesterday Nifty again rallied almost 100 points from Tuesday’s 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 in 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. If the index closes below it, it can test the 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 purposes only.
