Nifty Weekly Analysis for 16-01-23 to 20-01-23.
Nifty is in Wider Range(500 pts) between 17770-18270 from the last few days.
17770 is Major Support for Nifty this week.
18300 is Major Resistance for Nifty this week.
If Nifty Sustains above 18300, more upside possible and Targets are 18420/18590.
If Nifty trades below 17750, more downside possible and Targets are 17480/17283.
Nifty will be in range between 17750-18300 and we may see a trending move once Index breaks the Range on either side.