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Nifty Continues to Rally

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In the last analysis, we discussed. The swing trading view for Nifty is the same; we should closely monitor price action in the 12163-12190 zone for further upside clues. On the lower end, support has now shifted at 12080 

Yesterday, the Index opened on a positive note & continued its upside rally for the whole session. The low of yesterday was around 12163, inside our mentioned Gann resistance range.

We can see higher levels in the coming days; Nifty bulls are getting severe day by day after breaking the crucial Price and time resistance ranges.

On the upper hand, we can see the rally towards the 11345-11370 range, which is the intermediate resistance range for the index.

On the lower side, 12080 is the support for now; below that, we can only see Nifty Bears coming back into the game.

Intraday Nifty Trading Levels 19th Dec

Today’s Intraday resistance is at 12260; above that, the move towards 12290/12340/11430 can be seen.

While Support for today is likely to come at 12180, below that, a move towards 12150/12100/12010 can be seen.

Note: The above-mentioned Price projection & other Information are for educational purposes 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.