Nifty Weekly Analysis for 28-11-22 to 02-12-22.
Nifty Weekly Analysis for 28-11-22 to 02-12-22.
Expecting a Correction, But Nifty looks as if it is not Ready to give a correction. 😊
18322-18380 is the Weekly Support for Nifty . If Nifty Tests the Support Zone & Bounces back, Targets on Upside are 18480/18620.
18620 is a major Resistance for 3 Reasons.
1. PRZ of ABCD
2. All Time High(18606) of Nifty .
3. Trendline Resistance.
Still If Index manages to sustain Above 18620, more upside possible, Targets are 18780/18940.
If Nifty breaks the Weekly support zone , downside targets are 18200/18150.
If Nifty trades below 18150, Then correction is confirmed & will update the downside targets.
Expecting a Correction, But Nifty looks as if it is not Ready to give a correction. 😊
18322-18380 is the Weekly Support for Nifty . If Nifty Tests the Support Zone & Bounces back, Targets on Upside are 18480/18620.
18620 is a major Resistance for 3 Reasons.
1. PRZ of ABCD
2. All Time High(18606) of Nifty .
3. Trendline Resistance.
Still If Index manages to sustain Above 18620, more upside possible, Targets are 18780/18940.
If Nifty breaks the Weekly support zone , downside targets are 18200/18150.
If Nifty trades below 18150, Then correction is confirmed & will update the downside targets.
Trade active:
Upside Targets Hit as per 1st Possibility. Now any 1 of the next 2 possibilities must happen in the coming days.
Comment:
Weekly Target 1 Hit on Upside