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Nifty Intraday Trend Analysis 31st July

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In the last Nifty Index Trend Analysis post, we discussed. The resistance level is 11260; above that, bulls can gain strength for the move towards 11300/11360/11450 levels. On the lower side; Gann support level is 11170 below that move towards 11130/11070/10980 levels can come.

In Thursday’s session; Index opened gap-up. But after retracing towards 11300 bulls again gave up all the gains and before end of the day Nifty mark the low around 11085 price levels.

Above 11260 Bulls did 1st target & below 11170 Gann Intraday Support level bears almost did the 2nd target.

Nifty Index Trend Analysis & Levels

For Nifty today’s Intraday session, Resistance level is 11165; above that, bulls can gain strength for the move towards 11200/11250/11340 levels.

On the lower side, the Gann support level is 11080 below that, move towards 11045/10995/10905 levels can come.

Note: The above-mentioned Price projection & other Information is for educational purpose only.

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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.