Nifty Weekly View 8-12th Oct

As posted in the last analysis: 10900 will act as support point below that move towards 10830 / 10750 can be / 10630 can be seen, & 10982 will act as resistance above that move towards 11050 / 11120 / 11180 can be seen.

Last week after doing the whipsaw, Nifty did all our downside targets, in such a situation one needs to strictly follow the trading system with the proper stop loss, for capturing such types of significant moves.

Now next week10180 – 10156 will be the critical support range, any weekly close below 10156 will add more pressure on the index & levels below 10,000 can be seen in that situation & 10400 will act as resistance above that move towards 10490 / 10620 can be seen.

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