NIFTY 50 INDEX GANN ANALYSIS FOR 06 JUNE 2024 EXPIRY
Nifty Index is recovering from the recent fall after the all time high done on 03 June 2024 at 23338.70. The correction was a single day fall to 21303.25 a 2000 points on the downside. The Gann Rule of 50% worked perfectly today with recovery to the levels of 22524. The index hit the important 233oo level and met resistance after consolidating between 22500 and 23300 for past 3 months. Level of 22500 was hit on 07 March 2024 for the first time.
For tomorrows expiry we have resistance at 22800 and we need to stay above this level for further recovery. Level of 22252.85 is the support on downside. the level of 22524 is trend decider level for tomorrow. Extensions could expand the range to 23124 and 21913.
Happy Trading !!!
For tomorrows expiry we have resistance at 22800 and we need to stay above this level for further recovery. Level of 22252.85 is the support on downside. the level of 22524 is trend decider level for tomorrow. Extensions could expand the range to 23124 and 21913.
Happy Trading !!!
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