Nifty Extends Fall Below 8800 Gann Support Level

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.

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.