Nifty Weekly Trading Overview 5th – 9th March

 

 

As posted in last week Analysis: Now for up-coming, we can witness this up-side to get continue as per cyclic analysis, 10592 – 10625 will be the Key Resistance area for Bulls & 10401 will be the Critical Key Support level below which again 10320 & even 10230 / 10120 can be seen on a short-term basis

 

Nifty responded in the same way as we analyzed it last week analysis, Nifty continued its upside move & made high of 10631 which was Resistance area plus 10631 exact high was on Nifty daily Gann angles.

 

Now for up-coming week Bulls should hold 10320 on weekly which is our old Natural number & which has given multiple good entries on the long side to capture 200-250 points move, below 10320 Nifty can revisit 10230 / 10128 / 9980 and 10520 & 10625 will act as resistance.

 

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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.