Nifty 50 IndexShort
Nifty Analysis for 02-01-23 to 06-01-23
Updated
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
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