Nifty Trading View for 24th Oct

In the last Nifty Analysis, we discussed. Bulls need to break and hold above 11740 for a further rise towards 11810/11950 levels. On the lower end, we carefully need to watch the Price action near in 11530-11500 range, which will act as significant short term support.

Yesterday Index opens on a flat note and made the low around 11554 levels, then moved upwards towards 11651.

The state election result declaration of Maharashtra & Haryana will be the critical event for today and can add volatility in the markets today.

The view is still the same; Bulls need to trade & hold above 11740 for another rally of 120-200 points. At the lower side, 11530-11500 zone will act short term significant support.

Intraday Nifty Trading View/ Levels for 24th Oct

Resistance for today in Intraday is at 11655 above the move towards 11685/11735/11825 can seen.

While Support for today is likely to come at, 11575 below that move towards 11545/11495/11405 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.