Last week, above 10915, Nifty met our second weekly target. The high of the week was around 11141, only 44 points short of the third target.
In the coming week, Nifty is approaching a Short-term fixed Time cycle period.
On the hourly chart, Nifty bulls will gain more strength above 11060, preparing to move towards 11110/11185.
Bears will get the chance only below 10940 for the move towards 10890/10815 levels.
According to the Nifty daily Chart, the 10880-10840 zone is the critical support area for the bulls.
Additionally, bulls must break the Golden colour Gann Angle line to get more strength and energy. On the lower side, the Green colour, the Gann Angle line will act as Support.
Nifty Weekly Analysis For 03-06 Sep Week
We discussed this section of the Nifty Weekly Analysis last week. Due to the broad range of fluctuation, weekly chart support has shifted to 10750 levels now.
The previous week, on Monday Index precisely made the low around 10756; from there, we saw the rally towards 11141 levels.
Next week also, 10750 levels will act as strong support on the weekly chart.
In the forthcoming week, 03 & 05 September are the critical dates.
Nifty Weekly Trading Levels
Next week, 11050 will act as Resistance above, which moves towards 11110/11185/11300 can be seen.
While Support is likely to come at 10940, a move towards 11880/11805/10690 can be seen below that.
Note: The above-mentioned price projection & other Information are for educational purposes only.
