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Nifty Intraday Technical Analysis 01st Feb

Published On:

Updated On:

As posted in the last analysis: The view is still same; Bears need to hold below 10620, for a move towards 10550/10500/10430 & Bulls has the chance only above 10810 for progress towards 10880/10975.

By holding 10620 at downside levels, had worked perfectly & Nifty has shown the upside of nearly 200 points. This rise was predicted before in my other post also, which you may read by clicking here.

Nifty closed above 10810 level, shows bulls have the upper hand, & we may see the levels of 10880/10938 today, however, today we have the Union Budget Event so that wild swings can happen on either side.

Critical Support for today in intraday is at 10800 /10745/10660 & Resistance is at 10865/10910/10990.

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.