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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.


NS Gann Angle 181220
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.