We discussed the last Nifty Intraday Trading Plan Analysis. The index nicely took support from the 10720-10750 range and surged 170 points. Bulls need to close above 10890 for the move towards the 10950/11050 levels.
After our last post, the Nifty successfully traded above 10890 on Friday and achieved our first target of 10950 on the same day.
On Friday, the Index managed to close above the 10890 resistance level. As a result, on Monday, the 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.
On Monday this week, the Nifty made a high near the Gann Angle Resistance line (Orange Color). For further upside, the Nifty Bulls need the EOD to close it.
The Gann angle resistance line level will come around 11029. Above that, the Index is moving towards 11090/11185 levels.
On the lower side, Support has now shifted at 10940. Below that, Nifty bears will gain strength for the move towards 10890/10800.
Nifty Intraday Trading Plan/Levels for 11th Sep
Today’s Intraday resistance is at 11035, above which the move towards 11070/11120/11200 can be seen.
While today’s support is likely to come at 10950, below that, a move towards 10915/10865/10785 can be seen.
Note: The above-mentioned Price projection & other Information are for educational purposes only.
