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Nifty Trading Plan for 20th Feb

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In the last analysis; we discussed. Nifty Index bulls need to ensure they hold the 11865-875 range on an EOD basis. As below that, a market can again witness weakness, and we can see the levels of 11780/11690.

Yesterday Index opened the gap up and traded on the positive side for the whole session.

Now moving ahead, Nifty bulls need to hold 12040 to continue the upside move towards 12160/12225 levels.

On the upper side, the market can again witness selling pressure near the 12210-225 range. The ‘Price Action’ will be significant to watch for the next trending move.

Nifty Intraday Trading Levels for 20th Feb

Resistance for today in Intraday is at 12150 above the move towards 12180/12220/12300 can be seen.

While Support for today is likely to come at, 12080 below that move towards 12050/12010/11930 can be seen.

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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.