As discussed last time for 01 Oct 20, “Today (30 Sep 20) high made was 11295 so unable to break the high of 29 Sep 20 forming a doji on daily candle as if now market is respecting resistance near Gann angle. Now bears need to move below 11184 to move towards 11078-11025. Bullish levels remain same as discussed for 29 Sep 2020 analysis.
Last two sessions Index opened Gap up & closed higher. Tomorrow high & lows are very important as we have important Gann date. Bulls need to move above 11719 to move towards 11773-11827-11881. Bears need to move below 11611 to move towards 11557-11503-11450.
Please note that for third bullish target of 11881 bulls need to close above 11794 which is TOP of Nifty after Mar 20 & happened on 31 Aug 2020 which was also an important Gann date (please see the chart).
For 07 Oct 2020
Buy above 11693 for target of 11719, 11746 & 11773
Sell below 11638 for target of 11611, 11584 & 11557
Trade with Discipline & Strict SL
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