Nifty Weekly Forecast after Historical Rally

Last week below weekly support Nifty did our the three weekly targets. Later in the week Index moves above the weekly resistance level and did our all the three objectives on the upside.

In the previous week, we also discussed, Nifty is approaching the Critical Fixed Time Cycle period.

The effect of the Fixed Time Cycle period in Nifty triggers the Historical rise of 570 points in a single day.

Nifty Hourly Chart

On the hourly chart, bulls need to trade above 11315 for the move towards 11410/11535.

Bears as per the hourly chart will get the chance below 11185 for the move towards 11090/10965 levels.

Nifty Daily Chart

Last week on the Daily chart, first Nifty failed to cross the 11090 resistance level. In the result of its Index falls nearly 350 points.

Later on, Friday Nifty broke the 11090 levels and made the high around 11381 levels.

Now in the coming week, Nifty bulls need to hold 11190 for continuing the bullish sentiments of the last week.

The resistance on the upside will come around 11425 above that we can see a further rise towards 11510/11650.

Nifty Weekly Chart

Nifty Weekly Forecast For the Week 23-27 Sep

Last week in this section of Nifty Weekly Forecast, we discussed. Nifty bulls need to break & close above 10185 for getting more maintaining the short to the medium-term upside.

In the previous week, Nifty manages to get a weekly close above 11185. Now bulls need to hold this level on a weekly basis for a further rise towards 11500/11650 levels.

In the forthcoming week, 25 & 27 September is the critical dates.

Nifty Weekly Trading Levels

Next week 11425 will act as Resistance above which move towards 11500/11625/11770 can seen.

While Support is likely to come at, 11180 below that move towards 11100/10975/10830 can be seen.

Note: Above mention price projection & other Information are for educational purpose 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.