Nifty Analysis After New All Time High

In the last Nifty Index Analysis, we discussed. We can move towards more upper levels in the coming days. To maintain, the upside momentum Bulls need to hold 11990 levels. On the higher side, 12110-120 is the small hurdle area above that we can see a rally of more 75/150 points.

Yesterday Index opened on a positive note gap-up. We got the new lifetime high above 12030. But soon after hitting the new all-time high, Nifty started correcting & made the low around 12006 levels.

Nifty Daily Gann Angle Chart

Nifty Index Analysis for Swing Trading

As discussed yesterday also, 12110-120 is the small resistance area from near to it Index is witnessing bit weakness.s

The Primary support level on the downside now has shifted at 11930 levels. On any close below, that will add short-term bearishness in the market.

Intraday Nifty Trading Levels for 27th Nov

Resistance for today in Intraday is at 12070 above the move towards 12100/12150/11240 can seen.

While Support for today is likely to come at, 11990 below that move towards 11960/11910/11820 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.