Nifty Intraday Technical Analysis

Nifty Intraday Technical Analysis

As posted in the last analysis: Now at present Nifty is trading near multiple resistance, the most critical range will be 11565-11610. Close above that, can lead a rally of more 150-225 points. Bears need to break & hold below 10400 level for the move towards 11340/11260.

Nifty Intraday Technical Analysis

The view is still the same; Bears need to break & close below 10400 level for a pullback towards 11340/11260/11180.

Till then Bulls have the steady hand, but Bulls also need to be cautious in the range of 11565-11610, which can act as short term resistance.

Critical Support for today in Intraday is at 11490/11450/11380 & Resistance is at 11555 /11590/11660.

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.