Nifty Analysis for 17th Dec

16 December 2019

After breaking the 11920 Gann support, Nifty made the around 11832 levels. The low was near the Gann Angle Support (green) line.

From there, bulls took charge yesterday, and they made the high around 12132 levels.

Now moving forward for continuing, the upside journey Nifty bulls need to hold 11975-11950 area. As below that bears will get the upper hand & we can see downside levels.

On the upper side, 12163-12190 is the most critical area any close above that will add more positiveness in the present upside swing.

Intraday Nifty Trading Levels 17th Dec

Resistance for today in Intraday is at 12105 above the move towards 12135/12185/11275 can seen.

While Support for today is likely to come at, 12020 below that move towards 11990/11940/11850 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.

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