Nifty Weekly Overview 26th-28th March

 

As posted in last week analysis Nifty again this week failed to get close above 10320, till we are holding 10141 low we can witness again bounce towards 10320 / 10455, Now for coming week bulls need to hold 10176 on weekly basis else below that move towards 10000 / 9910 can be seen and on the other hand bears will try to protect 10280 / 10455.

 

On Monday we close below 10176 and then before getting fall on Friday, Nifty was unable to get single EOD close above 10176 which result in the Friday fall in which Nifty made the low of 9951

 

Now for coming week Bulls need to hold 9908 on weekly basis, as below that move towards 9800 / 9670 can be seen and on the other hand bears will try to protect 10020 / 10175.

 

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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.