Nifty Intraday Outlook

23 April 2019

Last Updated: 21 June 2019

Nifty Intraday Outlook 23rd April

In the Last Nifty Technical Analysis, we discussed. Below 11675 Nifty showed weakness & made the low around 11583 levels.

Before that Nifty made the new lifetime high on 18th April & from there it has corrected nearly 250-270 points.

Nifty Bulls need to close above 11750 for gaining the momentum back.

Bears now need to trade & close below 11543 for a further drop towards 11500/11440/11370 Nifty levels.

Nifty Intraday Outlook 23rd April Continues...

Click on Chart to Enlarge

For the upcoming session, Nifty Resistance is at 11620 above that can show us further move towards 11660/11725 levels.

Nifty Support is at 11570 below that move towards 11520/11460 levels can be seen.

Above I've plotted Angle line on Nifty 15 min time frame, which acts as good trend pointer for coming sessions.

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.

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