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Nifty Technical Analysis for 14th Nov

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Updated On:

In the last Nifty Analysis, we discussed. Nifty bulls need to hold 11930. If failed to do so, then we can see a pullback in the present upside swing. On the upper hand, 12070 & 12155 are the excellent level for profit booking.

After our last post-Nifty moved below 11930 support level and yesterday, it made the low near 11823.

Daily Gann Angle Chart for Nifty 50 Index

The critical Time Cycle in Index is at play; I already mentioned it before at the end of October month about this cycle. The Nov month will be crucial for Index traders.

Now bulls should protect 11800 as below that there can be more weakness & downside levels around 11750/11690 can be seen again.

On the upper side, primary resistance of Index is still around the 12000-12025 range. For any substantial upside move market should move & hold above this Gann resistance range.

Intraday Nifty Trading Levels for 14th Nov

Resistance for today in Intraday is at 11880 above the move towards 11915/11960/12050 can seen.

While Support for today is likely to come at, 11800 below that move towards 11765/11720/11630 can be seen.

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.