The Nifty ended last week with a gain of 185 points. In the coming week, the Index is approaching the critical fixed-time cycle period.
After making the low in August 2019, the Nifty Index has shown a tremendous rise. Larger time frames suggest that it is still better to buy on dips.
Nifty Weekly Trading View
In the coming days, Nifty bulls must trade above 12310 to continue the upside journey.
On the lower end, 12180 is the Support to watch; below that, we can see a dip towards 12130/12040 levels.
In the forthcoming week, 23rd & 26th Dec are the critical dates.
Nifty Weekly Trading Levels
Next week, 12310 will act as Resistance above, which will move towards 12360/12440/12560 seen.
While Support is likely to come at 12210, below that, a move towards 12160/12080/11960 can be seen.
Note: The above-mentioned Price projection & other Information are for educational purposes only.
