Last week below 10940, Nifty did our 2nd weekly target. The low of the week was around 10746, only 56 points short of our third target. The Index ended the week with 77 points loss.
As per the hourly chart, Bulls in Nifty will get active above 11010 and move towards the 11075/11185 level.
Nifty bears will get more strength below 10870 for the move towards 10805/10695 levels.
On the Daily Chart last week, Nifty bulls got the Support near to Gann Angle line of Green Color.
In the coming week, Bulls need to trade above 10965 levels for the further rise.
Additionally, bulls must break the Golden colour Gann Angle line to get more strength and energy.
Nifty Weekly Outlook For the Week 09-13 Sep
We discussed this section of the Nifty Weekly Outlook last week. In the coming week, 10750 levels will also act as strong support for the weekly chart.
The 10750 level on the weekly chart has been working precisely for the last two weeks. The previous week, Nifty also made the low of 10746 and bounced back towards 10950 levels.
We will also stick with our 10,750 levels as Support for the coming week. The Resistance on the upper side is located around 11250 levels.
In the forthcoming week, 09 & 12 September are the critical dates.
Nifty Weekly Trading Levels
Next week 10965 will act as Resistance above, which move towards 11020/11100/11250 can seen.
While Support is likely to come at 10805, below that, a move towards 10750/10670/10520 can be seen.
Note: The above-mentioned price projection & other Information are for educational purposes only.
