Nifty Technical Analysis 14-18 May

Nifty Technical Analysis 14-18 May

As posted in last week Analysis: For next week bears need to break and close below 10570 below which quick move towards 10490 / 10390 can be seen & for bulls, 10665 / 10750 / 10840 are the primary resistance points which they need to break & get close above them.

Our 10665 Natural price level again hinted us about coming upside & we saw high of 10812 on Friday which is almost 150 points up move.

For next week Karnataka election result can make a major impact on markets, Bulls need to break & close above 10843 for the move towards 10915 / 11063 & on the other hand 10660 will act as good support on closing below that we can see a move towards 10570 / 10390.

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

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.