Nifty 50 IndexShort
Nifty Weekly Analysis For 18-03-24 to 22-03-24
Updated
Nifty Weekly Analysis For 18-03-24 to 22-03-24
Weekly Sentiment is Bearish.
22200 is Major Resistance For Nifty.
21850-22200 is the Range for Nifty Next week.
If Nifty Sustains above 22200, upside possible and Targets are 22300/22400.
Note that Upside move is against the sentiment, so approach should be defensive.
Below 21850, ABCD Activates and Downside Targets are 21700/21600.
Verdict: Downside to Sideways Market.
Weekly Sentiment is Bearish.
22200 is Major Resistance For Nifty.
21850-22200 is the Range for Nifty Next week.
If Nifty Sustains above 22200, upside possible and Targets are 22300/22400.
Note that Upside move is against the sentiment, so approach should be defensive.
Below 21850, ABCD Activates and Downside Targets are 21700/21600.
Verdict: Downside to Sideways Market.
Trade closed: target reached
1st Target Hit
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