May 28, 2020

Nifty Analysis For May Expiry

In the last analysis, we discussed. For today’s Intraday session the Gann levels are as follow, 9060 will act as Resistance; above that, bulls can gain strength for the move towards 9110/9180/9300. On the lower side Gann support level for Nifty is at 8980, below that we can see the lower side movement, for the target of 8930/8860/8760 levels can come.

In Wednesday session, Index opened gap up. And after hitting the low around 9000 (near to Gann support level of 8980), Nifty bulls pushed the market towards higher side. 

Above 9060 Gann resistance level; Nifty our did all three Intraday & positional targets. The move was so fast that we got our positional targets in one session.

Nifty

Now probably this rally can extend towards 9520/9580 levels. And we can see these till Friday or by Monday next week. As per the cycle analysis.

For today’s Intraday session the Gann levels are, 9390 will act as Resistance; above that, bulls can gain strength for the move towards 9440/9510/9600 levels. 

On the lower side; Gann support level for Nifty is at 9270, below that we can see the lower side movement, for the target of 9220/9150/9060 levels can come. 

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

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