Nifty Technical Trading Analysis for 17th Oct

In the last Nifty Analysis, we discussed. Due to close above 11423 bulls are on bit strong side, and we can see higher levels. On the lower side, now Support is at 11330 holding below that we can see a dip towards 11260/11170 levels.

Yesterday Index opens gap-up and after consolidation close on the higher side only. Above 11423 Nifty has made 11481 high close to our 1st target of 11490.

Now for keeping the continuous positive side momentum bulls need to trade above level 11490 for the target for 11550/11630.

On the downside, Support is still at 11330 below that only we can see bears getting some strength back.

Nifty Intraday Technical Trading Levels for 17th Oct

Resistance for today in Intraday is at 11495 above the move towards 11535/11595/11695 can seen.

While Support for today is likely to come at, 11430 below that move towards 11390/11330/11230 can be seen.

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

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.