Nifty Gann Analysis for 29th Nov

In the last analysis, we discussed. The trading plan is clear Bulls need to trade & hold above 12110-120 range for a fresh round of strong rally. The Nifty bears, on the other hand, will only get active & forceful below 11930 levels.

Yesterday Index opened on a positive note and made the new lifetime high around 12157 levels. It traded in a small range of just 58 points.

The breakout above 12000-12030 has rewarded well after it made the dip back in that zone and moved higher towards new life time high.

Nifty Daily Gann Angle Chart

Now moving ahead, we can see Nifty reaching towards higher levels. But, for that bulls need to hold 11990 Gann support level on closing basis.

On the higher side, next resistance is around 12275 levels, above that, we can see a more substantial move towards 12550-12600 levels.

Intraday Nifty Trading Levels for 29th Nov

Resistance for today in Intraday is at 12180 above the move towards 12210/12260/11350 can seen.

While Support for today is likely to come at, 12110 below that move towards 12080/12030/11940 can be seen.

Note: Above mention Price projection & other Information are for educational purpose only.

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.