Technical Analysis report for 03rd December 2021trading Purpose. Today Nifty close in green and 235 point rise from previous day closing and nifty close above 17340-17370 its very important resistance level now its now support here (17340-17305). major stock trend reversal given below in picture.
as per Data reports top OI Gainer stock is GUJRATGAS LTD,MCX ,GMRINFRA,COFORGE LTD and more. Volume gainer stock is AARTIINDUSTRIES ,GMRINFRA . down side stock VEDANTA LTD, Ashokley etc.
Nifty Technical Level analysis
Nifty Strong Resistance as per WD Gann level is 17490 and Down Side Support 17340-17305.
As Discussed in Last Analysis Have we made bottom as discussed in YouTube video its will be confirmed when we have a close above 17146 in next 2 trading session. Bulls need to move above 17150 for a move towards 17238/17310/17380. Bears need a close below 16920 for a move back to 16860/16810/16760. Gann Angle again acted as resistance. Now Bulls need to move above 17080 can see quick move towards17120/17180/17255.Bears will get active below 16920 for a move towards 16847/16762.
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