Nifty Intraday View 25th Jan

As posted in the last analysis: Close below our support level of 10849, which shows the weakness, is still there in the present situation. Moving towards 10730 / 10690 levels can be seen in this decline, now 10910 will act as resistance.

The view is still the same, move towards 10730 / 10690 levels can be seen in this decline, now 10910 will act as resistance followed by 10975. Plus, I would like to recall, that we have 11000 level vital weekly resistance, which I’ve posted before also in my posts.

Nifty Intraday View 25th Jan

Above I’ve applied angle on Hourly chart, which will guide us today, during intraday, as holding above that can show again shift in momentum from bear to bull side.

Critical Support for today in intraday is at 10840 /10800/10750 & Resistance is at 10865 /10905/10975.

Note: Above mention Price projection & other Information are for educational purposes 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.