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Nifty Intraday Trading Plan for 05th March

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In the last analysis, we discussed. Nifty bulls need to break & hold above 11365-375 range for the move towards 11420/11490/11580 levels. On the lower side, Nifty bears will only get the upper hand below 11270-260 range, for the move towards 11210/11120.

Yesterday Index opened gap-up. But, failed to cross the 11365-375 Gann resistance area.

And in the result of it, Nifty fell towards 11082 levels. It did all the targets on the downside below the 11270-260 support area.

nifty gann

In the Nifty Weekly Analysis, post we discussed. The ‘March Month’ will be the most crucial month for the markets, as many ‘Cycles’ will reach their termination points. The volatility we are experiencing in Intraday is just because of these ‘Cycles’ only.

Now bulls need to break & hold above 11300-310 range for the move towards 11360/11430/11520 levels.

On the lower side, Nifty bears will get the upper hand only below 11060-11050 range.

Nifty Intraday Trading Levels

Resistance for today in Intraday is at 11280 above the move towards 11310/11350/11430 can be seen.

While Support for today is likely to come at 11200 below, that move towards 11170/11130/11050 can be seen.

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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.