In the last Nifty Intraday Outlook, we discussed. Bulls are in a strong position, to rise further & Bears have there chance only below 11900 levels.
On Tuesday Nifty intraday session was range bound in 90 points. Bulls are in a strong position, and they need to Protect 12010 on EOD basis for further rise.
Nifty Bears will get active below 12010, for the move towards 11960/11910/11800 price level.
Today we have RBI Policy, so we can expect volatile moves in Nifty Intraday, which is good from a day trading perspective.
Nifty Intraday Outlook on RBI Policy Day
Support for today in Intraday is at 11990/11945/11870 & Intraday Resistance is at 12072/12115/12190.
P.S – Nifty closing below 12010, may also trigger short-term bearishness in the index.
Note: Above mention price projection & other Information are for educational purpose only.
Nifty Bank Nifty Gann Analysis for 23 July
Today Nifty holds the opening gains and closed near high. But Bank Nifty fell 450 points from its day high and closed 260 points higher.
Weekly Expiry Trade Set up – Nifty Bank Nifty Intraday Levels
Below 15735-760 zone Nifty Index is weak and can drop more. On the downside, the 15520-499 zone is the important Gann level zone, where Index
Trade Set up for Tuesday: Nifty Bank Nifty Intraday Levels
Even after a strong weekly close, Nifty & Bank Nifty opened gap down. Both tried to recover, made high near Gann levels, which we discussed
