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Nifty Intraday Technical Analysis 07th Feb

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As posted in the last analysis: 10970-11020 will be the critical zone to look for on day to day basis above that, 11085 / 11190 level can be seen & Bears have there chance only below 10792.

Yesterday finally Bulls broke the level of 11000 & made the high around 11072, till we are trading above 10960 bulls are in full control.11130 will act as resistance on the short-term basis above that move towards 11200/11310 can be seen & bears need to break & close below 10940, for getting back into the game.

Above I’ve applied angle on Hourly chart, which will guide us today, during the intraday session.

Critical Support for today in Intraday is at 11020 /10980/10915 & Resistance is at 11095 /11150/11225.

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.