Nifty Trading View for 16th Oct

In the last Nifty Analysis, we discussed. Bulls need to trade and close above 11423 for the target of 11490 & 11600. The Support at present is still at 11270 only. On holding below that, we can see the downside move of 100/180 points again.

Yesterday after flat open Index moved higher and above 11423 it gets more strength.

By the end of the day, Nifty made high around 11470 at critical Gann Angle line and closed just above 11423 only.

Now at present due to close above 11423 bulls are on bit strong side, and we can see higher levels.

On the lower side, now Support is at 11330 holding below that we can see a dip towards 11260/11170 levels.

Intraday Nifty Trading Levels for 16th Oct

Resistance for today in Intraday is at 11470 above the move towards 11515/11580/11680 can seen.

While Support for today is likely to come at, 11390 below that move towards 11345/11280/11180 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.