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Nifty Fell 750 Points Below Gann Support Level

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In the last analysis, we discussed. The ‘March Month’ will be the most crucial month for the markets, as many ‘Time Cycles’ will reach their termination points. The volatility we are experiencing in Intraday is just because of these ‘Time Cycles’ only. Now bulls need to break & hold above 11300-310 range for the move towards 11360/11430/11520 levels. On the lower side, Nifty bears will get the upper hand only below 11060-11050 range.

After our last post, Index failed to hold 11310-300 range on the closing basis. As the result of it, Nifty opened lower on Friday below the 11060-11050 Support range. And from there till yesterday we are down almost 750 points.

Now moving ahead, the significant support for Index is at 10260 below that we can see a dip towards 10210/10080 levels.

On the upper side, bulls need to break & hold above 10465-10480 range for the move towards 10540/10620 levels.

Nifty Intraday Trading Levels 

Resistance for today in Intraday is at 10480 above the move towards 10520/10580/10680 can be seen.

While Support for today is likely to come at 10390 below, that move towards 10350/10290/10190 can be seen.

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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.