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Nifty Intraday View for 30 Aug

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In the last Nifty Intraday View Analysis, we discussed. The further downside in Nifty can be seen below 10980 levels. On the other hand, bulls need to break and close above 11170-11185 range for getting the upper hand.

Yesterday Nifty Index opened gap down. Soon after opening, bears dragged the Index below 10980 Gann support price level.

Once the market started sustaining below 10980, Nifty almost did our first target.

Till Nifty Index is trading below 10990 levels, bears slightly have the upper hand.

The 10900-10885 is the next critical Nifty Gann support price level area. On holding below that, we can see further slide towards 10830/10750 levels.

The resistance from upside 11170-11185 Nifty range had now shifted towards 11080-11090 price area.

For getting strength back, Nifty bulls need close above this range for short to a medium-term trend change.

Nifty Intraday View & Trading Levels for 30th Aug

Resistance for today in Intraday is at 10990 above the move towards 11025/11075/11155 can seen.

While Support for today is likely to come at, 10915 below that move towards 10880/10830/10750 can be seen.

Note: Above mention Price projection & other Information are 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.