Nifty Analysis for 02-01-23 to 06-01-23
18400-18500 is Weekly Resistance for Nifty.
17800-17900 is Weekly Support for Nifty.
On Monday If Nifty trades below 18080, more Downside and Targets are 17980/17832.
If Nifty Sustains above 18265, Upside Targets are 18330/18465.
If Index breaks support, more Downside Possible and Targets are 17565/17281.
Verdict: We can see major move only after Nifty breaks either Support/Resistance. Index will be sideways between this Range.
18400-18500 is Weekly Resistance for Nifty.
17800-17900 is Weekly Support for Nifty.
On Monday If Nifty trades below 18080, more Downside and Targets are 17980/17832.
If Nifty Sustains above 18265, Upside Targets are 18330/18465.
If Index breaks support, more Downside Possible and Targets are 17565/17281.
Verdict: We can see major move only after Nifty breaks either Support/Resistance. Index will be sideways between this Range.
Trade closed: target reached
Support Tested
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.
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.