Until global markets become stable. Nobody can decide wether nifty gets a support. It falls deeply. Support levels were given nifty to break it.
Nifty is handling strong resistance at 18250 for last 3 Trading days. After sustaining a global pressure it stood firm by just 2 points in negative. Expecting a flat Monday. Next week target 18500. Sucessfully crossing the line can take next to a new high
There might be 200 points rally. Time to be cautious. 17850 the confirmation of bullish reversal. After that there will be some profit booking. This week nifty might reach 18200
Nifty might Gap up on 10th jan. expecting 150 points upside rally. This week target for nifty is 18250 to 18350. Omicron fear may cause volatility. Hoping for the best.
This is weekly Analysis. Nifty 50 following the trend line, above 17350 it is going to break out to 17550. Else it might be falling below 17000 and go on till 16500.