In the last Nifty Intraday Trading Plan Analysis, we discussed. Index nicely took the support from 10720-10750 range and surged 170 points. Bulls need to close above 10890 for the move towards 10950/11050 levels.
After our last post, Nifty on Friday successfully traded above 10890 and did our 1st target of 10950 on the same day.
On Friday Index manage to get close above 10890 resistance level. In the result of it on Monday Nifty bulls after making the low near 10890 (Resistance turned into support) got the energy and bounced towards 11028.
Above 10890 Nifty has almost completed our both targets.
Now on Monday this week, Nifty had made the high near Gann Angle Resistance line (Orange Color). For further upside, Nifty bulls need the EOD close it.
The Gann angle resistance line level will come around 11029. Above that, we can see the Index moving towards 11090/11185 levels.
On the lower side Support has now shifted at 10940, below that Nifty bears will get strength for the move towards 10890/10800.
Nifty Intraday Trading Plan/Levels for 11th Sep
Resistance for today in Intraday is at 11035 above the move towards 11070/11120/11200 can seen.
While Support for today is likely to come at, 10950 below that move towards 10915/10865/10785 can be seen.
Note: Above mention Price projection & other Information are for educational purpose only.
Last week Nifty and Bank Nifty Index traded lower after striking a high on Monday. The Bank Index is trading in a weak zone. Bank
Last week, after reaching high on Monday, Gold and Silver traded lower. Both precious metals are in consolidating phase. MCX Crude Oil again traded in