In the Last Nifty Intraday Analysis, we discussed. Gann resistance for Nifty 11895-11920 worked perfectly. Nifty needs a sustainable move above 11920 levels for continuing this on-going rally. Otherwise, a minor short-term correction could be in place. On the lower hand support for Nifty is still at 11690, below which Index can test 11600/11480 levels.
On Friday, Nifty continues its correction from Thursday high. The Index made the low near 11788 levels.
After that yesterday, Nifty opened on a positive note. Bulls continue to hold there momentum of upside.
The view for positional trade is same; Nifty needs a sustainable move above 11920 for further rise.
On the lower side, now Gann support for Nifty is at 11750 levels. Bears have there chance only below it.
Nifty Intraday Technical Analysis
The level to watch out for today in Intraday will be 11840 holding below it bears can get the momentum.
The level to watch for Bulls in Intraday is at 11899 above that we can see a rise in today’s session.
Nifty Intraday Trading Levels for 02nd July
Support for today in Intraday is at 11855/11820/11750 & Resistance is at 11899/11935/11999.
Note: Above mention price projection & other Information are for educational purpose only.
Below 15735-760 zone Nifty Index is weak and can drop more. On the downside, the 15520-499 zone is the important Gann level zone, where Index
Even after a strong weekly close, Nifty & Bank Nifty opened gap down. Both tried to recover, made high near Gann levels, which we discussed