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Nifty Continues Range bound move

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Updated On:

In the Last Nifty Technical Analysis, we discussed that a close above 11252 means Bulls can rally towards 11350/11420, and Bears must save 11000 on an EOD basis.

Yesterday, the Nifty closed above the 11252 level, so we can expect a positive move towards the target of 11350/11420.

Today, we have the weekly closing; it will be slightly better for Nifty Bulls if they manage to hold the 11180 weekly level.

Today’s Intraday support is at 11225/11180/11100, and Nifty Resistance is at 11310/11355/11420.

Note: Above mention price projection & other Information are for educational purposes only.

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About The Author

Divesh Jotwani is an active and full-time trader in the Indian markets. He has spent over 20+ years researching and discovering WD Gann's methods and applying them daily in the markets.