Last week, above 11966, Nifty failed to meet our weekly target on the upside. Nifty made its high on 11 June, the date we discussed in our last-week analysis.
From there, Nifty corrected to 11800 levels. Nifty ended with a minor loss of 47.35 points weekly.
In the coming week, we have a critical Natural Cycle date from 19 to 21st June.
On the hourly chart, Bears need to trade below 11800 levels for further downside towards 11730/11650 levels.
Nifty Bulls will get the chance only above the 11950 resistance level.
According to the Nifty Daily Chart, on Friday, it broke the angle, and that too on a closing basis.
So we can expect a further fall in Nifty towards the 11700/11580 levels, where it can find support.
Nifty Weekly Analysis For the Week 17-21 June
Next week, 11920 will act as Resistance above, which moves towards 11970/12030/12110 can come.
While Support is likely to come at 11790, below that, a move towards 11735/11650/11550 can occur.
Note: The above-mentioned price projection & other Information are for educational purposes only.
