Nifty Need To Hold Gann Support

In the last analysis, we discussed. The swing trading view for Index is still the same; Nifty bears need to trade below 12080 levels for getting back into the action. On the upper side, 11345-11370 is the next critical Gann resistance range for the Index.

After our last post, Index made the high around 12293 & from there, we are seeing weakness.

Nifty Daily Gann Angle Chart

On the upper side, now Nifty bulls need to trade above 12310 for the move towards 11365/11420 levels.

On the downside now, support has been moved at 12140 below that we can see a move towards 12080/11990 range.

Intraday Nifty Trading Levels 24th Dec

Resistance for today in Intraday is at 12300 above the move towards 12330/12380/11460 can seen.

While Support for today is likely to come at, 12210 below that move towards 12180/12130/12050 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.