Nifty Weekly Analysis 04-08 Feb

As posted in the last analysis: 10863 will act as resistance above that move towards 10925 / 10999 / 11100 can be seen & 10730 will act as support below which move towards 10670 / 10620/ 10500 can be seen.

Nifty Weekly Analysis 04-08 Feb

Nifty Daily Chart Angles

Last week, Nifty did our 2nd target below our support level of 10730 & then on Friday Budget day, it went above our resistance level of 10863 & made the high around 10983 level.

Next week 4th & 8th Feb are the critical dates, 10792 will act as support below, that move towards 10750 / 10680 / 10550 can be seen & 10900 will act as resistance above, which move towards 10975 / 11060/ 11190 can be seen.

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.