Nifty Weekly Analysis 19-22 Nov

As posted in the last analysis: 10632 will act as resistance above which move towards 10700 / 10785 / 10910 can be seen, and 10560 will act as support below which move towards 10490 / 10420 / 10300 can be seen.

Nifty

Last week, Nifty made the low of 10440, which is near to our angle line and it does almost our 2nd target.

Now next week, Now next, we are progressing towards the Important cycle (next two weeks will be important, as we measure period on weekly time frame), which may show us turn or pause in the current ongoing uptrend.

Overall it will be important to note that the present structure of the market is on the positive side at least on a short-term basis; however, coming days & weeks will add more clues to this.

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.