Nifty Intraday Chart Analysis for 04th June

In the Last, Nifty Intraday Chart Analysis, we discussed. The range of 12010-12020 is the Resistance which Bulls, need to break for continuing there upside journey.

On Friday Nifty fell almost 200 points in intraday from near to 12020 resistance level.

In this fall Nifty made the low near 11829 level, and failed to move below 11790, which we discussed will act as support.

Yesterday Nifty opened on a positive note and made the new lifetime high around 12100 levels.

Click on Chart to Enlarge

At present Nifty Bulls are in a strong position, and we can see further upside towards 12180/12285 levels. Bears have there chance only below 11900 price level.

Nifty Intraday Chart Analysis for 04th June

Support for today in Intraday is at 12030/11985/11890 & Resistance is at 12110/12155/12240.

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.