Stock Market Testing Patience

It’s been a month & stock market are trading in Range, and testing the Patience of both Buyers & Sellers. If we see the Stock Market is giving the chance to both Buyers & Sellers to sit for the next roller coaster action.

Click on Chart to Enlarge

During analysis we found at present Nifty is approaching initial important support area. 

Which lies at the 11520-11495 Range, this Support area can again give Energy to Bulls for further rise.  

If Bulls failed to hold the Range of 11520-11495, then further decline is possible for 150-250 pts.

It’s essential to note here 11520-11495 is only initial Support area, not the major one. 11050-11000 range is the major area of Support for Bulls, but it’s quite far at present. It’s good to make a note of essential levels before the result declaration.

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.