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Yesterday holding below the 11650 level, Nifty did our 1st target of 11580, Nifty also breaks the important short-term support on the Daily chart, so bears are having the upper hand.
For the coming session, immediate Resistance is at 11650-11670 holding above that can show us further move towards 11720/11770 & Support is at 11550 below that move towards 11515/11470 levels.
Note: Above mention price projection & other Information are for educational purpose only.
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About the Author
Divesh Jotwani is an active and full-time trader in the Indian markets. He has spent over 20+ years researching and discovering WD Gann's methods and applying them daily in the markets.
I'm sitting on an almost 30% gain in a Bank stock. It was like a magical trade. I've never gained such huge profits in one single trade.
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