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Nifty Weekly Forecast 22-26th Oct

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Updated On:

As posted in last week’s analysis: 10546 will act as a significant resistance level above that move towards 10620 / 10725 / 10890 can be seen & 10390 will be critical support level below that move towards 10310 / 10184 can be seen.

Last week, Nifty 1st took support from near to our level of 10390 and made the high of 10710 & on Friday it went below our support level of 10390 & made the low of 10249. So, overall it gave the opportunity on both sides.

Now next week,10240 will act as significant support below that move towards 10180 / 10120/ 10010 can be seen & 10360 will act as resistance above that move towards 10475 / 10590 can be seen.

Next week we need to watch the 10120 price level closely, any weekly close below that can push the index below the physiological level of 10,000.

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