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Nifty Weekly Trading Overview 12th-16th March

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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


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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.