As posted in last week Analysis: Nifty responded in the same way as we analyzed it last week analysis, Nifty continued its upside move & made high of 10631 which was Resistance area plus 10631 exact high was on Nifty daily Gann angles. Now for up-coming week Bulls should hold 10320 on weekly which is our old Natural number & which has given multiple good entries on the long side to capture 200-250 points move, below 10320 Nifty can revisit 10230 / 10128 / 9980 and 10520 & 10625 will act as resistance.
Nifty did low of 10141.55 as we get close below 10320 Natural no. & does our target 10230 & 10128 (almost as actual low came 10141)
10141.55 low came on above shown daily chart Gann angles, so till we are holding 10141 on a daily closing basis we can witness bounce in coming days on the other hand bears will try to hold 10400 price point on daily basis to stop bulls
If you wish to have a little more insight, please sign up & become a member, Sign up form is available at bottom of page
It’s FREE to join with no obligations or spam solicitations. That’s not the mission here!
We do discussion in Live market to update Nifty & Bank Nifty levels If you are interested you can LIKE the page to get Real Time Updates https://www.facebook.com/diveshtechanalysis