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Nifty Intraday Outlook 16th June

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In the last analysis, we discussed. Nifty resistance level is 9750; above that, bulls can gain strength for the move towards 9800/9870/9999 levels. On the lower side; Nifty Support level as per Gann is at 9600, below that move towards 9550/9480/9350 levels can come.

After Friday analysis, Nifty made the low around 9544 and bounced fiercely towards 10,000 physiological mark. The yesterday Index opened gap down and hit the low around 9726 levels.

nifty

Nifty Intraday Gann Trading Levels

For today’s Intraday session, Nifty resistance level is 10030; above that, bulls can gain strength for the move towards 10080/10150/10300 levels.

On the lower side, the Nifty Support level as per Gann, is at  9920, below that, move towards 9870/9800/9650 levels can come.

Note: The above-mentioned Price projection & other Information is 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.