NaveenGr

Nifty 50 Long term analysis - Weekly Timeframe

NSE:NIFTY   Nifty 50 Index

1. Trend still down in weekly.

2. Pull back going on -
17800 - 1st resistance.
18350 - Major resistance.

3. Buying profit levels - 17800, 18300.

4. Selling expected - 18350 zone leading to 16000 levels again. Watch price action to create new shorts around 18350.

5. Buy if gives weak pullback above 18350 - Trend will change to up in weekly time frame if sustains above 18350.


Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.