Last week above 12180, Nifty achieved our 1st target on the upside. The Index ended the previous week with a 15-point gain.
The critical time Cycle is reaching its point in the coming week. So we may expect some volatile moves in the Index again.
Nifty Weekly Analysis for 17-20 Feb
In the coming days, Nifty bulls need to trade & hold above 12250 to continue the upside journey.
On the lower end, the Index can witness weaknesses below the 12045-12090 range for the move towards 12000/11950/11870 levels.
In the forthcoming week, 18th & 20th Feb are the critical dates.
Nifty Weekly Trading Levels
Next week 12200 will act as Resistance above, which move towards 12250/12310/12410 can be seen.
While Support is likely to come at 12085 below that move towards 12035/11975/11870 can be seen.
Note: Above mention Price projection & other Information are for educational purposes only.
