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Nifty Technical Analysis for 19th June

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We discussed the last Nifty Technical Analysis. Bears have an advantage. The bulls need a close above 11840 to regain some energy. On the lower side, the range from 11570 to 11530 is crucial for Nifty bulls. We can use the dip near 11530 to initiate a long position with a proper stop loss.

Yesterday, Nifty showed some bounce from lower levels & made the high around 11727.

Nifty Technical Analysis for 19th June

Nifty Bulls should keep an eye on 11750 levels for the next few sessions. Holding above them can give the bulls some strength.

Above 11750, we can see the move till 11840-860, which is over their intermediate Resistance for Nifty lies.

The Nifty Bears should watch 11640 levels, as below that further slide towards 11550-530 can be seen.

Nifty Technical Trading Levels for 19th June

Today’s Intraday support is at 11670/11630/11550, and resistance is at 11730/11770/11845.

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.