Nifty Intraday Technical Analysis 08th Feb

As posted in the last analysis: 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.

Yesterday Nifty, made the high 11118.10 & from there we see a quick sell-off, View is still same Bulls need to break & close above 11130 for further up move & bears need to break & close below 10940, for getting back into the game.

Nifty Intraday Technical Analysis 08th Feb

Nifty on the hourly chart, has broken the above-angled line, so today in Intraday we can see a further dip of more 40-60 points.

Critical Support for today in intraday is at 11030 / 10990 /10915 & Resistance is at 11080 / 11135 /11200.

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.