Nifty 50 IndexShort
Nifty Weekly Analysis For 13-11-23 to 17-11-23
Updated
Nifty Weekly Analysis For 13-11-23 to 17-11-23
Nifty is in Correction Phase for the previous Impulse Move(Down move).
19300-19500 is the Sideways Range for Nifty Next Week.
19500 is the Major Resistance For Nifty Next Week.
If Nifty Sustains Above 19500, ABCD Activates, more upside possible and Targets are 19600/19700.
19080-19150 is the major Support for Nifty.
If Nifty trades below 19300, XABCD Activates, more downside possible and Targets are 19200/19080.
Verdict: High Probability is Sideways to Downside.
Nifty is in Correction Phase for the previous Impulse Move(Down move).
19300-19500 is the Sideways Range for Nifty Next Week.
19500 is the Major Resistance For Nifty Next Week.
If Nifty Sustains Above 19500, ABCD Activates, more upside possible and Targets are 19600/19700.
19080-19150 is the major Support for Nifty.
If Nifty trades below 19300, XABCD Activates, more downside possible and Targets are 19200/19080.
Verdict: High Probability is Sideways to Downside.
Trade closed: target reached
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