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Nifty Intraday Analysis for 03rd July

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Updated On:

In the last Nifty Analysis for Intraday trading, we discussed. The view for positional trade is same; Nifty needs a sustainable move above 11920 for further rise. On the lower side, now Gann support for Nifty is at 11750 levels. Bears have there chance only below it.

Yesterday Nifty opened on a positive note. But soon it started moving down from near to our Intraday Resistance 11899 levels.

On the downside, Nifty made the low near 11814 and bounced back to the new daily high.

The low came on precisely on the below-shown angle line, which acted as excellent support.

The positional view for Nifty is still the same, Bulls need a sustainable move above 11920, and for the downside, bears need to move below 11750 levels.

Nifty Analysis for Intraday Trading

The level to watch out for today in Intraday will be 11897 holding below it, Bears can get the momentum.

The level to watch for Bulls in Intraday is at 11935 above that we can see a rise in today’s session.

Nifty Intraday Trading Levels for 03rd July

Support for today in Intraday is at 11890/11855/11800 & Resistance is at 11935/11970/12030.

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.