Nifty Nearing Crucial Weekly Cycle
As posted in the last analysis: Bulls are in strong position & showing good strength; Now we are approaching a significant price range of 11210-11220. Bull need to hold above this range for a move towards 11290/11360 & Bears need to close below 11050 for the move towards 10960/10840.
Yesterday Nifty made low 11227, above our range of 11210-11220 and from there as predicted Bulls gain more strength & made the high 11320.
From today till Friday, will be the very crucial period as per 'Weekly Cycles', more volatility and signs of reversal for coming days can be seen.
Holding above 11317 can show us further up move towards 11380/11440/11570 & Bears will get active below 11170 for move towards 11100/11020.
Critical Support for today in Intraday is at 11270/11215/11150 & Resistance is at 11330 / 11380 / 11440.
Note: Above mention price projection & other Information are for educational purpose only.