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Nifty Gann Analysis for 04th March

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In the last analysis, we discussed. Nifty bulls need to hold 11020-10980 support area for a relief rally. On the upper side, the Gann resistance level is now shifted at 11225 above that we can rise towards 11270/11320/11370 levels.

Yesterday Index opened gap-up. Above 11225 Gann resistance level, Nifty made the high around 11342 levels.

Gann angle chart of nifty

Now bulls need to break & hold above 11365-375 range for the move towards 11420/11490/11580 levels.

On the lower side, Nifty bears will only get the upper hand below 11270-260 range, for the move towards 11210/11120.

Nifty Intraday Trading Levels

Resistance for today in Intraday is at 11360 above the move towards 11390/11430/11510 can be seen.

While Support for today is likely to come at 11280 below, that move towards 11250/11210/11130 can be seen.

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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.