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Nifty Weekly Analysis 21-25 Jan

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Updated On:

As posted in the last analysis: 10750 will act as a vital support level, below which move towards 10670 / 10550 levels can be seen & 10900 will be significant resistance level above which move towards 10955 / 11035 / 11150 levels can be seen.

Last week, Nifty went below our support of 10750 but failed to knock our 1st target, and later it moved above 10900 and there also it failed to hit any of our targets.

Nifty Weekly Analysis 21-25 Jan
Nifty Weekly Analysis 21-25 Jan

Above, I’ve posted the Hourly chart, which I already posted before on Friday, during market hours, on my Facebook page.

As per that Bulls have taken support from the angle, & moved up, Nifty has formed support in the range of 10840-10860, below that we can see a move all the way towards 10780 / 10720.

Nifty Weekly Analysis 21-25 Jan

Next week 22nd Jan is the critical date,10965 will act as resistance above that move towards 11030 / 11100 / 11300 can be seen & 10870 will act as support below which move towards 10810 / 10720 can be seen.

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

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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.