Nifty Intraday Analysis for 02nd July

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.

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.