Nifty Trading Near Resistance Zone

Nifty Trading Near Resistance Zone

As posted in the last analysis: Nifty made the low around 11314, which shows bulls are still holding the ground & further upside can be seen again, till trading above 11317 & Bears will get active below 11238 for the move towards 11175/11100.

Nifty Trading Near Resistance Zone

Nifty continues to hold 11317 & made the high of 10530 today.

Now at present Nifty is trading near multiple resistance, the most critical range will be 11565-11610.

Close above that range, can lead a rally of more 150-225 points. Bears need to break & hold below 10400 level for the move towards 11340/11260.

Critical Support for today in Intraday is at 11430/11390/11300 & Resistance is at 11505 /11550/11640.

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.