In the last Nifty analysis, we discussed. For today’s Intraday session, 8225-8201 is the support zone on remaining below that we see the lower side move for the target of 8150/8070/7900. On the upper side, 8410-8429 will act as Resistance; above that, we can see bulls gaining strength, for the move towards 8480/8560/8730 levels.
In the Thursday’s session, Index opened on the positive note. After forming the low around 8300 market rallied all the way towards 8700, did all the targets on the upside.
Yesterday our unique ‘Gann Angle’ line also helped us in staying with the market trend. That is the quality of correct Gann methods, they work like anything.
Now today I’ve placed one more angle below the first one for better tracking of the market trend during Intraday.
For today’s trading session, 8560-8580 is the support zone. Below that we can see the lower side movement for the target of 8500/8410/8150.
On the upper side, 8790-8810 will act as Resistance; above that, we can see bulls gaining strength, for the move towards 8870/8960/9220 levels.