In the last Nifty Analysis, we discussed. Nifty had made the high near Gann Angle Resistance line. For further upside, Nifty bulls need the EOD to close it. Above that, the Index is moving towards 11090/11185 levels.
Yesterday, the Index opened on a positive note. However, it traded in a small range of just 40 points for the rest of the day.
At EOD successfully, Nifty gave the close above the Gann angle resistance line.
Moving ahead, the Nifty close above the angle line suggests the Bulls are gaining strength.
However, according to the study of Market forces, we can see some dips, and that can be an excellent buying opportunity for further upside.
The downside support has shifted to 10920; below that, Nifty Bears will gain strength for the move towards 10860/10780.
Nifty Intraday Trading Levels for 12th Sep
Today’s Intraday resistance is at 11062, above which the move towards 11100/11150/11225 can be seen.
While Support for today is likely to come at 11000 below that, a move towards 10960/10910/10835 can be seen.
Note: The above-mentioned Price projection & other Information are for educational purposes only.
