Nifty Continues to Rally

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 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.

nifty gann
Nifty Daily Gann Angle Chart

We can see higher levels in the coming days; Nifty bulls are getting severe day by day by after breaking the crucial Price & 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, for now, 12080 is the support; below that, only we can see Nifty bears coming back in the game.

Intraday Nifty Trading Levels 19th Dec

Resistance for today in Intraday is at 12260 above the move towards 12290/12340/11430 can seen.

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

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