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Nifty Trading View for 18th Dec

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In the last analysis, we discussed. For continuing, the upside journey Nifty bulls need to hold 11975-11950 area. As below, that bears will get the upper hand & we can see downside levels. On the high side, 12163-12190 is the most critical area any close above that will add more positiveness in the present upside swing.

Yesterday Index opened on a positive note & continued to maintain a bullish tone for the rest of the day before EOD Nifty made the new lifetime high around 12182 levels.

Nifty Daily Gann Angle Chart

The swing trading view for Nifty is the same; we should closely monitor price action in 12163-12190 zone for further upside clues.

On the lower end, support has now shifted at 12080 below that we can move towards 12030/11950 ranges.

Intraday Nifty Trading Levels 18th Dec

Resistance for today in Intraday is at 12190 above the move towards 12220/12270/11360 can seen.

While Support for today is likely to come at, 12110 below that move towards 12080/12030/11940 can be seen.

Note: Above mention Price projection & other Information are for educational purpose only.

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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.