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Nifty Intraday Trading View for 05th May

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In the last analysis, we discussed. 9580 Nifty level is the support. Below that we can see the lower side movement, for the target of 9520/9440/9290 levels can come. On the upper side, 9730-9760 will act as Resistance; above that, bulls can gain strength for the move towards 9820/9900/10050 levels.

After last analysis on Thursday, Index opened gap up above 9730 resistance level. After, breaking the upper level of resistance range, Nifty bulls took market towards 9889 levels. Then in Monday session, Index opened gap down below 9600 & hit the low around 9270 levels.

nifty angle chart

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Now, for today’s Intraday session, 9190 Nifty level is the support. Below that, we can see the lower side movement, for the target of 9130/9040/8900 levels can come. 

On the upper side, 9360 will act as Resistance; above that, bulls can gain strength for the move towards 9420/9510/9650 levels. 

Note: The above-mentioned Price projection & other Information is 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.