Nifty Trading Analysis for 20th Dec

In the last analysis, we discussed. Nifty can rally towards the 11345-11370 range, which is the intermediate resistance range for the Index. On the lower side, for now, 12080 is the support.

Yesterday Index opened on a flat note, however, later bulls took charge and pushed the Nifty towards 12268 levels.

Nifty Daily Gann Angle Chart

The swing trading view for Nifty is still the same; bears need to trade below 12080 levels for getting back into the action.

On the upper side, 11345-11370 is the next critical Gann resistance range for the Index.

Intraday Nifty Trading Levels 20th Dec

Resistance for today in Intraday is at 12280 above the move towards 12310/12360/11450 can seen.

While Support for today is likely to come at, 12210 below that move towards 11180/11130/12040 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.