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Nifty Extends Fall Below 8800 Gann Support Level

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In the last analysis, we discussed. The Nifty Index can find support around 8830-8800 range, and on the upper side, 9100 and 9280 will act as resistance.

In Wednesday’s session, Index opened the gap-up and made the high around 9127 levels. But from there bears again get active and dragged the Nifty Index towards lower levels.

Once the Index break below 8830-8800 support range, the falls get more severe, and by the EOD, Nifty hit the 8400 levels, nearly 400 points down.

For today’s session, 8217-8190 is a critical area, on holding below that we can see lower levels. On the upper side above 8455, we can see bulls getting some strength for today’s session.

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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.