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Nifty Analysis for 08th Nov

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Updated On:

In the last Nifty Analysis, we discussed. Our plan for swing trading is still the same. Nifty bulls need the close or fair sustainability above 11973-12005 Gann resistance range. On the lower side, Nifty bears need to break and hold below 11840 Gann support levels for the downside move.

Yesterday Index opened gap up and made the high around 12021 levels. After making the high just above 12000 index moved lower and traded in a small range for the whole session.

Nifty Gann Angle Chart

For continuing the upside move now, Nifty bulls need to hold 11930. If failed to do so, then we can see a pullback in the present upside swing.

On the upper hand 12070 & 12155 are the excellent level for profit booking.

Intraday Nifty Analysis / Trading Levels 08th Nov

Resistance for today in Intraday is at 12030 above the move towards 12065/12115/11200 can seen.

While Support for today is likely to come at, 11950 below that move towards 11915/11865/11780 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.