Nifty Analysis for 03rd Dec

In the last analysis, we discussed. Nifty can move towards higher levels. But, for that bulls need to hold Gann support level 11990 on closing basis. On the upper side, the next resistance is around 12275 levels.

After our last posts on Friday Index opened on the flat note. But, soon bears drag the Nifty towards the lower side. On that day, Index made the low near 12017 range.

Yesterday after the bullish opening market failed to hold higher levels and bears again drag the Nifty towards 12023 levels.

Nifty Daily Gann Angle Chart

The plan is still the same below Gann support level 11990 we can see more downside of 75/150 points.

On the upper side above 12180, we can see Nifty moving towards more higher levels.

Intraday Nifty Trading Levels for 03rd Dec

Resistance for today in Intraday is at 12085 above the move towards 12115/12165/11255 can seen.

While Support for today is likely to come at, 12000 below that move towards 11970/11920/11830 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.