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Nifty Trading View For 13th May

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In the last analysis, we discussed.  For today’s Intraday session, 9100 Nifty level is the support. Below that we can see the lower side movement, for the target of 9050/8980/8850 levels can come. On the upper side, 9210 will act as Resistance; above that, bulls can gain strength for the move towards 9260/9330/9460 levels.

In Tuesday session Index opened gap down and once it broke the 9100 level, it did first target of 9050 on the downside.

However, from their bulls pushed the market towards upside, and at end of the day Nifty close at 9196 level.

Gann angle chart for nifty

Today market can open gap up. So considering that, I’m posting the Intraday levels.

Now for today’s Intraday session, 9360 Nifty level is the support. Below that we can see the lower side movement, for the target of 9285/9185/9035 levels can come.

On the upper side, 9475 will act as Resistance; above that, bulls can gain strength for the move towards 9550/9650/9800 levels.

Note: The above-mentioned Price projection & other Information is 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.