The Nifty Bears Trying Hard to Pull Down

In the last analysis, we discussed. For Nifty 12110-120 is the small resistance area from near to its Index is witnessing bit weakness.The Primary support level on the downside now has shifted at 11930 levels.

Yesterday Index opened on a positive note and then for the rest of the session, it traded in a small range of just 60 points. The high for yesterday was around 12114 near our discussed resistance range.

Nifty Daily Gann Angle Chart

The trading plan is clear Bulls need to trade & hold above 12110-120 range for a fresh round of strong rally. The Nifty bears, on the other hand, will only get active & forceful below 11930 levels.

Intraday Nifty Trading Levels for 28th Nov

Resistance for today in Intraday is at 12135 above the move towards 12170/12240/11340 can seen.

While Support for today is likely to come at, 12060 below that move towards 12025/11955/11855 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.