Nifty Weekly Forecast 05-09th Nov

As posted in the last analysis: 9980 will act as support below which move towards 9920 / 9840 / 9745 can be seen & 10125 will act resistance above which moves towards 10185 / 10300 can be seen.

Last week, once Nifty started trading above our support 10125, it shows positivity like anything & on the very same day almost it did all three targets.

However, later in the week, Nifty made the high around 10607, which was on the 1*2 Gann Angle, same can be seen in the above chart.

Now next week, 10566 will act significant resistance above which move towards 10630 / 10695 / 10780 can be seen & 10500 will work as support be below which moves towards 10430 / 10360 / 10240 can be seen.

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.