Nifty Trading View for 05th Sep

In the last Nifty Trading Analysis, we discussed. Nifty bears are in strong position till Index is trading below 10960 levels. The support is in the range of 10750-10720.

Yesterday Nifty opened flat, later bears drag the Index towards lower level. The low was in our support range only.

As we discussed yesterday also, 10750-10720 Nifty range is critical support area. The further sell-off can happen below this range only.

Additionally, the low of yesterday is also near to our unique Nifty Gann Angle Support line ( Green color). Holding below it & the range mentioned above will give further energy to the Nifty bears.

The Primary resistance for Nifty Index on the upside is at only 10960 levels. Above that, Nifty bulls can get strength for an upside move.

Intraday Nifty Trading Levels for 05th Sep

Resistance for today in Intraday is at 10865 above the move towards 10900/10950/11035 can seen.

While Support for today is likely to come at, 10790 below that move towards 10755/10705/10620 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.