Nifty Technical View 28th Feb

As posted in the last analysis: The view is still the same 10920-10950 will going to be strong resistance for Nifty & till we are not crossing that zone, we can expect lower levels again & Bears need close below 10750 for a move towards 10650/10550.

Nifty Technical View 28th Feb

Yesterday Nifty made the high of 10939 & turned completely bearish from there & made the low of 10751, rewarded well to those who strictly followed the resistance zone 10920-10950.

The view is still the same Bulls need close above 10950 level for the move towards 11075/11200 & Bears to require close below 10750 for move towards 10650/10550. The Framework of ‘Abnormal’ Profits.

Critical Support for today in Intraday is at 10775 / 10740 / 10680 & Resistance is at 10820 / 10865 / 10930.

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.