Nifty weekly forecast
The above chart is illustrating one of the unique & most effective ways of applying angles on price charts Which were last used by Mr.Gann; I was lucky enough to re-discovered them from Gann's archives.
As posted in last weekly analysis: 11755 will be stiff resistance above that only we can expect further up move towards 11810 / 11855 & on the other hand, 11620 will be good short-term strong support.
Nifty Weekly Forecast
Last week Nifty made high of 11751 which was below our 11755 Resistance level & failed to cross it, & below 11620 our Support level Nifty made the low of 11394 which was nearly 225 points down.
Now next week 11611 will be Resistance above that move towards 11670 / 11725 can come, and 11530 & 11450 will act as support.
If we failed to get close above 11611, then again move towards 11510 / 11420 can be seen.
Note: Above mention Price projection & other Information are for educational purpose only.