Nifty Weekly Analysis for 19-12-22 to 23-12-22.
Nifty Weekly Analysis for 19-12-22 to 23-12-22.
18415-18500 is Major Resistance for Nifty this Week.
18100-18170 is important support for this Week.
We may see a Sideways Market between these Ranges(Support & Resistance).
On Monday if Nifty trades below 18260, targets on downside are 18165/18130.
If Nifty breaks the Support this week, more Downside & Targets are 17980/17800.
If Nifty bounces back from support, Targets on Upside are 18280/18415.
As 18129 is the PRZ of ABCD Pattern, Higher Chances are Nifty may either Consolidate or Bounce back From the PRZ area.
18415-18500 is Major Resistance for Nifty this Week.
18100-18170 is important support for this Week.
We may see a Sideways Market between these Ranges(Support & Resistance).
On Monday if Nifty trades below 18260, targets on downside are 18165/18130.
If Nifty breaks the Support this week, more Downside & Targets are 17980/17800.
If Nifty bounces back from support, Targets on Upside are 18280/18415.
As 18129 is the PRZ of ABCD Pattern, Higher Chances are Nifty may either Consolidate or Bounce back From the PRZ area.
Trade closed: target reached:
Both Targets on Downside Hit