April 8, 2020

In the last analysis, we discussed. For today’s Intraday session, 8200 Nifty level is the support. Below that, Index can show lower side movement for the target of 8140/8060/7900. On the upper side, 8365 Nifty level will act as Resistance; above that, bulls can strengthen, for the move towards 8425/8505/8665 levels.

 Nifty on ​​Friday’s session opened gap down. Later it broke below the 8200 & market turned bearish and bears dragged the market towards lower end. At EOD Nifty made the low around 8055 levels, did the second target on sell side. 

After that on Monday Nifty Index opened gap up and continues to trade the higher side for the while session.

Nifty Intraday Gann Angle Chart
Above, I’ve placed the ‘Gann Angle’ unique line on Nifty 15 mins time frame. It will act as a guide in today’s Intraday session.

For today’s trading session, 8700 Nifty level is the support. Below that we can see the lower side movement, for the target of 8640/8550/8390 levels can come. 

On the upper side, 8940 will act as Resistance; above that, we can see bulls gaining strength, for the move towards 9000/9090/9250 levels.

Note: Above mention Price projection & other Information is for educational purpose only.

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