Nifty Intraday Analysis For 22nd May

In the last analysis, we discussed. For today’s Intraday session, Gann support level for Nifty is at 9000, below that we can see the lower side movement, for the target of 8950/8880/8750 levels can come. On the upper side, 9100 will act as Resistance; above that, bulls can gain strength for the move towards 9150/9220/9350 levels.

In Thursday session, Index opened on the flat note. Once the market started holding above the Gann resistance 9100 level; Nifty bulls pushed the market towards upper levels.

Bulls above 9100 became more strong & did the first target on the buy side.

Nifty

Now for today’s Intraday session, Gann support level for Nifty is at 9050, below that we can see the lower side movement, for the target of 9000/8930/8800 levels can come. 

On the upper side, 9130 will act as Resistance; above that, bulls can gain strength for the move towards 9180/9250/9380 levels.

Note: Above mention Price projection & other Information is 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.