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Nifty EOD Close Above Gann Angle

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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 close it. Above that, we can see the Index moving towards 11090/11185 levels.

Yesterday Index opened on a positive note. However, for the rest of the day, it traded in a small range of just 40 points.

At EOD successfully Nifty gave the close above Gann angle resistance line.

Now moving ahead, the Nifty close above angle line suggests Bulls are getting strength.

However, as per study of Market forces, we can see some dip, and that can be an excellent buying opportunity for further upside.

The support on the downside has shifted at the level of 10920, below that Nifty bears will get strength for the move towards 10860/10780.

Nifty Intraday Trading Levels for 12th Sep

Resistance for today in Intraday is at 11062 above the move towards 11100/11150/11225 can seen.

While Support for today is likely to come at, 11000 below that move towards 10960/10910/10835 can be seen.

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.