Nifty Intraday Chart View for 12th June

In the last analysis of Nifty Intraday Chart View, we discussed. Till Nifty not closing above 12055 levels, Bears have an advantage. Above 12055 Bulls can again resume there upside journey.

Yesterday Nifty made the high around 12000 levels. It was like consolidation, as the whole range of yesterday was only 100 points.

The view is still the same for Nifty Index, we need to keep watch on 12055 Resistance for the next trending move.

Click on Chart to Enlarge

On the lower side, 11745 is the Significant Cycle no. for Nifty, Below it more slide in the index can come.

Nifty Intraday Chart View for 12th June

Support for today in Intraday is at 11940/11905/11835 & Nifty Resistance is at 12005/12040/12110.

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.