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