We discussed the last Nifty Analysis. 10950-10938 is the key area. If the Nifty sustains below that, then we can see a fall. The bulls will get the chance only above 11090.
Yesterday, the Index opened on a weaker note and traded lower for the day. Once the Nifty broke 10938, there was no looking back, and it achieved our second target of 10820.
The Index has fallen almost 300 points from our projected resistance level in the last two trading sessions.
We had already discussed a couple of times before that September month will be crucial for the Nifty from Gann’s analysis point of view.
Now, after yesterday’s restless fall, the Index made a low near a support area. Strong support for the Nifty is still at 10750. One should carefully watch the Price action near the mentioned support level.
On the upper side, resistance is at 10960 levels above, and only then can we see the Bulls regain their strength.
Nifty Intraday Trading Levels for 18th Sep
Today’s Intraday resistance is at 10855; above that, the move towards 10890/10940/11020 can be seen.
While Support for today is likely to come at 10785, below that, a move towards 10750/10700/10620 can be seen.
Note: The above-mentioned Price projection & other Information are for educational purposes only.
