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Nifty Weekly Analysis 17-20 Feb

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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.

critical time Cycle

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.

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About the Author

Divesh Jotwani is a Full-time trader in the Indian stock market. He has spent over 20+ years researching and discovering WD Gann's methods and applying them day in and out markets.