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Nifty Analysis for 14th Jan

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After our last post, Nifty traded lower & made the low around 11929 levels, but failed to hit any of the targets on the downside.

Later on, Index moved above the 12110 & gained the momentum for the upside & yesterday it made the high around 11337 levels.

Nifty gathered the energy from the lower range, by taking support from one of the critical Gann angle support lines.

Nifty Daily Gann Angle Chart

For holding the further upside momentum, Nifty bulls must break & hold above 11365 range, and on the lower side, 12260 will act as support for the next few sessions.

Finally, now on the upside first objective will around 12400 levels & further above that we can see the levels of 11460/11550.

Nifty Intraday Trading Levels for 14th Jan

Resistance for today in Intraday is at 12370 above the move towards 12400/12460/11540 can be seen.

While Support for today is likely to come at, 12290 below that move towards 12260/12210/12120 can be seen.

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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.