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Nifty Trading Analysis for 20th Dec

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Updated On:

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

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

On the upper side, 11345-11370 is the index’s next critical Gann resistance range.

Intraday Nifty Trading Levels 20th Dec

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

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

Note: The above-mentioned Price projection & other Information are for educational purposes 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.