May 12, 2020

In the last analysis, we discussed. For today’s Intraday session, 9230 Nifty level is the support. Below that we can see the lower side movement, for the target of 9170/9110/8980 levels can come. On the upper side, 9350 will act as Resistance; above that, bulls can gain strength for the move towards 9410/9470/9600 levels.

On Friday after last analysis, Index opened gap up above 9376 & from there bears dragged the market towards lower levels. 

In Monday session also Nifty opened gap up hit the high around 9440 & bears dragged the Index towards the lower side.

Nifty Gann Angle Chart

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

Now 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. 

Note: Above mention Price projection & other Information is for educational purpose only.

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