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Nifty Intraday Technical View 17 July

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We discussed the last Nifty intraday technical view post. On the hourly chart, Bulls are creating support in the 11530-11490 range. The primary Resistance on the upper side is the same at 11765 levels. But before that level, 11655 can also give a tough fight to Nifty bulls.

Yesterday Nifty opened flat, and soon Bulls took charge. The index gets momentum once starts trading above 11615 levels,

Nifty has shown an excellent bounce from last week’s low of 11461. The significance of the level was discussed here.

Now, the Bulls are looking a bit in control, and we can expect a further rise towards the 11710/11770 levels.

Nifty Intraday Technical View

On the hourly chart, Nifty bulls can face Resistance in the 11710-11735 range.

We can also see a dip from there, which can be an excellent buying opportunity. For now, support is in the range of 11530-11520.

Nifty Intraday Trading Levels for 17 July

Support for today in Intraday is at 11620/11580/11515 & Resistance 11675/11715/11780.

Note: The above-mentioned price projection & other Information are for educational purposes 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.