Nifty Rise from multiple Support Area

Nifty Rise from Support Area

In the Last Nifty Technical Analysis, we discussed. Nifty Index is approaching critical 11000-11050 range. In that area, we can see Nifty taking Support for at least short term rise.

Yesterday Nifty made low 11108 & took Support from there & shown the rise of almost 200 points.

Click on Chart to Enlarge

Now moving forward, Nifty Bulls need close above 11252 for the move towards 11350/11420. 

Nifty Bears need to move below the 11000-11050 range for further downside.

Nifty Technical Analysis Trading Levels

Support for Nifty today in Intraday is at 11200/11165/11100 and Nifty Resistance is at 11260/11295/11370.

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.