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Nifty Intraday Outlook

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Updated On:

As discussed in the Last Analysis: 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.

Bulls need to close above 11750 levels for gaining the momentum back & Bears now need to trade & close below 11543 for a further drop towards 11500/11440/11370 levels.

Nifty Intraday Outlook for 23 April

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

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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.