Nifty 50 IndexShort
Nifty Weekly Analysis for 12-12-22 to 16-12-22.
Updated
Nifty Weekly Analysis for 12-12-22 to 16-12-22.
Finally Nifty has given some correction.
18400, a important support level decides if the correction continues or its completed.
18780-18880 is a major Resistance for this Week.
If Nifty retests 18400 and bounces back, targets on Upside are 18648/18705/18785.
If Index manages to sustain above Resistance, ABCD Activates & Target is 19182.
If Nifty breaks support & trades below 18400, more downside possible and Targets are 18150/17922.
Finally Nifty has given some correction.
18400, a important support level decides if the correction continues or its completed.
18780-18880 is a major Resistance for this Week.
If Nifty retests 18400 and bounces back, targets on Upside are 18648/18705/18785.
If Index manages to sustain above Resistance, ABCD Activates & Target is 19182.
If Nifty breaks support & trades below 18400, more downside possible and Targets are 18150/17922.
Trade closed: target reached
After retesting support, Nifty bounced back and 2 targets on upside reached. Reversed from Resistance.
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