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Nifty Weekly Analysis 23-27 Dec

Last Updated: December 23, 2019 By Divesh

The Nifty ended the last week with 185 points gain. In the coming week, Index is approaching the critical fixed time cycle period.

After making the low in Aug 2019, Nifty Index has shown a tremendous rise. It is still looking better to buy on dips, as larger time frames are suggesting so.

Nifty Weekly Gann Angle Chart

Nifty Weekly Trading View

In the coming days, Nifty bulls need to trade above 12310 for continuing the upside journey.

On the lower end, the 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 move towards 12360/12440/12560 can seen.

While Support is likely to come at, 12210 below that move towards 12160/12080/11960 can be seen

Note: Above mention Price projection & other Information are for educational purpose only.


Tags

Nifty Gann Angles, Nifty Gann Time Cycle Analysis, Nifty Weekly Trading Levels


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