Nifty Weekly Forecast 22-26th Oct
As posted in last week analysis: 10546 will act as a significant resistance level above that move towards 10620 / 10725 / 10890 can be seen & 10390 will be critical support level below that move towards 10310 / 10184 can be seen.
Last week, Nifty 1st took support from near to our level of 10390 and made the high of 10710 & on Friday it went below our support level of 10390 & made the low of 10249. So, overall it gave the opportunity on both the sides.
Now next week,10240 will act as significant support below that move towards 10180 / 10120/ 10010 can be seen & 10360 will act as resistance above that move towards 10475 / 10590 can be seen.
Next week we need to watch 10120 price level closely, any weekly close below that can push the index below physiological level of 10,000.
Note: Above mention Price projection & other Information are for educational purpose only.