Nifty :11178 at trend line support target 11500, SL:11100
Nifty:11178.40 made a huge bearish candle on top supported at the trend line.
Chances are there to hold this level and make a fresh move up side for a target 11500
and even 11800 level in coming weeks. If trade below Fridays low, next support range is 10900 area.
The following is a table for Nifty range calculated based on volatility Monday , this week and this month
For Mon 200817 Nifty: 11178
Day Pivot: 11219 Target 1 Target 2 Target 3 Target 4 Target 5 Target 6 Target 7
If Trade Above 11193 today’s Resistances are 11203 11218 11230 11242 11282 11310 11321
Trade Below 11163 today’s Supports are 11154 11139 11127 11115 11075 11047 11036
Weekly Pivot: 11221
Weekly above 11202 Nifty’ Resist: will be 11216 11240 11259 11278 11339 11382 11400
Weekly below 11155 Nifty’ Supports will be 11141 11117 11098 11079 11018 10975 10957
Monthly Pivot: 10905
Monthly above 11240 Nifty’ Resist: will be 11343 11509 11644 11778 12214 12522 12649
Monthly below 10907 Nifty’ Supports will be 10804 10638 10503 10369 9933 9625 9497
Chances are there to hold this level and make a fresh move up side for a target 11500
and even 11800 level in coming weeks. If trade below Fridays low, next support range is 10900 area.
The following is a table for Nifty range calculated based on volatility Monday , this week and this month
For Mon 200817 Nifty: 11178
Day Pivot: 11219 Target 1 Target 2 Target 3 Target 4 Target 5 Target 6 Target 7
If Trade Above 11193 today’s Resistances are 11203 11218 11230 11242 11282 11310 11321
Trade Below 11163 today’s Supports are 11154 11139 11127 11115 11075 11047 11036
Weekly Pivot: 11221
Weekly above 11202 Nifty’ Resist: will be 11216 11240 11259 11278 11339 11382 11400
Weekly below 11155 Nifty’ Supports will be 11141 11117 11098 11079 11018 10975 10957
Monthly Pivot: 10905
Monthly above 11240 Nifty’ Resist: will be 11343 11509 11644 11778 12214 12522 12649
Monthly below 10907 Nifty’ Supports will be 10804 10638 10503 10369 9933 9625 9497
Trade closed: target reached:
Watch for turn date probably on 2nd sep 2020 with price squiring around 11832
This view is Hypothetical Gann price and time Square theory.
This view is Hypothetical Gann price and time Square theory.