Last week Above 10915 Nifty did our second weekly target. The high of the week was around 11141, only 44 points short from the third target.
In the coming week, Nifty is approaching Short-term fixed Time cycle period.
Nifty Hourly Chart
On the hourly chart, Nifty bulls will get more strength above 11060, for the move towards 11110/11185.
Bears will get the chance only below 10940 for the move towards 10890/10815 levels.
Nifty Daily Chart
As per the Daily Chart of Nifty, 10880-10840 zone is the critical support area for the bulls.
Additionally, bulls must break the Golden color Gann Angle line for getting more strength and energy. On the lower side Green color, Gann Angle line will act as Support.
Nifty Weekly Chart
Nifty Weekly Analysis For 03-06 Sep Week
Last week in this section of Nifty Weekly Analysis for the week, we discussed. Due to the broad range of fluctuation, Now on weekly chart support has shifted at 10750 levels.
Previous week on Monday Index precisely made the low around 10756 and 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 move towards 11110/11185/11300 can seen.
While Support is likely to come at, 10940 below that move towards 11880/11805/10690 can be seen. can come.
Note: Above mention price projection & other Information are for educational purpose only.
Last week on Monday, after hitting a low around the critical Gann level, both Nifty and Bank Nifty traded higher for the rest of the
Last week, Gold and Silver traded higher and gave the close in the vital zone. Both precious metals can show higher levels in coming sessions.