Nifty Weekly Analysis 17-20 Feb

Last week above 12180, Nifty achieved our 1st target on the upside. The Index ended the previous week with 15 points 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 gann angle chart
Nifty Weekly Gann Angle Chart

In the coming days, Nifty bulls need to trade & hold above 12250 for continuing the upside journey.

On the lower end, 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 purpose only.

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.