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Nifty Intraday Technical Analysis 13th Feb

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Updated On:

As posted in the last analysis: Nifty made the low of 10857 below 10940 & closed below it, which indicate bears are in strong position & can push the index towards the level of 10790 / 10720 around in days to come & Bulls have the chance only above 11005 for the move towards 11080/11150.

Yesterday Nifty made the low around 10820, which was near to our 1st target, View is still the same Bears are in full control & Bulls have their chance only above 11005 for the move towards 11080/11150.

Below I’ve posted the hourly chart of Nifty, as per that 10825-10790 is the excellent support area, so we may see some bounce if Bears fail to go below this zone.

Critical Support for today in Intraday is at 10800 / 10760 /10710 & Resistance is at 10870 / 10920 / 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.