Last week above 11750, Nifty did all the targets on the upside. The Index ended the previous week with 436 points gain.
In the previous week, we saw the effect of the minor fixed time cycle period. As from the lower levels Nifty bounced nearly 500 points.
Now in the coming week, Index is approaching towards the next Fixed time cycle period. We may again see a dip in the present upswing.
In the coming days, Nifty bulls need to trade above 12230 for continuing the upside journey.
On the lower end, 11870 is the significant support to watch-out. However, Nifty can witness intermediate weaknesses below the 12030-12040 range for the move towards 11990/11940/11890 levels.
In the forthcoming week, 11th & 12 Feb are the critical dates.
Nifty Weekly Trading Levels
Next week 12180 will act as Resistance above, which move towards 12230/12300/12450 can be seen.
While Support is likely to come at 12030 below that move towards 11980/11910/11760 can be seen.
Note: Above mention Price projection & other Information are for educational purpose only.