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Nifty Started Correction from Resistance Zone

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As posted in the last analysis: Bulls need to close above the resistance range 10565-10610 for the further upside of 150-225 points & Bears need to break & hold below 10400 level for the move towards 11340/11260/11150.

Nifty Started Correction from Resistance Zone

Nifty made the high of 11572 high of Friday & started correcting, Resistance zone of 11565-610 paid well to us, as yesterday also Nifty continues its fall.Now, Bears will get active below 11300 for the move towards 11245/11170 & Bulls need to break & close above 11450 for re-gaining the upside momentum. 

Critical Support for today in Intraday is at 11320/11280/11200 & Resistance is at 11370 /11415/11500.

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