Last week,above 11885 resistance, Nifty did our 2nd weekly target of 12020 levels.
In the coming week, we have RBI Policy on 06th June, which can act as a critical driving factor for the market.
Nifty Weekly Forecast For 03-07th June
Hourly Chart
On Nifty hourly chart, Bulls are making strong support in the zone of 11840-11820, below it, we can see the move towards 11780/11720/11640 levels.
Bulls need to sustain above the 12025-12050 range for getting the strength back.
Daily Chart
As per the Nifty Daily Chart, prices are taking support on the above-shown angle line.
Closing below, it can show a drop of 120-180 points, and it will also show short-term weakness in the market.
Weekly Chart
Nifty Weekly Forecast For 03-07th June
In the forthcoming week, 03rd & 06th June are the critical dates.
Next week 11960 will act as Resistance above which move towards 12020/12100/12220 price level can come.
On the Support side, 11840 will work as support & below that move towards 11780/11700/11580 can come.
Note: Above mention price projection & other Information are for educational purpose only.
Nifty Short-term Trading View After 1000 Points Fall
After 1000 points, correction bulls got the support near august month low. But the road ahead for bulls stands still hard. There are a few critical
Nifty Bank Nifty Weekly Forecast 28 Sep-01 Oct
The ice melting move of last week pushes the Index towards one month lower levels. Nifty Breaks The Last 11185 Swing Low and ended the week
Nifty Breaks The Last 11185 Swing Low
The volatility stands high. During such times you should remain extra cautious before making the trade. The chance for lower levels are high. Till Nifty 50 Index holds