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Nifty Weekly Analysis 6th-10th Aug

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nifty weekly analysis

In the last Nifty weekly analysis, we discussed: Bulls are moving with an enormous amount of energy & we saw a new all-time high last week.  Now next week 11345 will act as resistance above that move towards 11450/11525 can be seen & 11200 will support below which move towards 11080/10990 can be seen.

Nifty Weekly Pivot Point Analysis

As we forecast Important weekly Pivot Point Ahead, Nifty reacted, in the same way, & nifty corrected nearly 150 points.

Now, next week 11420 will be Resistance above which move towards 10480 / 10540 can be seen.

 11310 will act as Support below which move towards 11260 / 11200 can be seen.

However, 11480 will be another Important weekly pivot point, near to that we can witness sell-off.

NoteAbove mention Price projection & other Information are for educational purpose 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.