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Nifty Weekly Analysis 20-24 July

Last Updated: July 28, 2020 By Divesh

Last week first Nifty bulls failed to move higher above 10860 Gann resistance level. Later, Bears dragged the Index towards lower end, and market hit the low around 10562 levels; did almost 2nd target on the downside.

The effect of fixed Major ‘Time Cycles’ was seen well in the previous week, as Index fell over 300 points after hitting the high around 10894 level.

From there, the fallacy expectation of bears gets punished severely; as from lower levels, Nifty bulls pushed the Index towards 10900 levels.

In the coming week, 20 & 24 July are the Important Gann dates.

nifty

Nifty Weekly Trend Analysis & Trading Levels

Next week 11030  will act as Resistance above, which moves towards 11090/11170/11320 can come.

While I expect support to take place at 10850 below, that move towards 10790/10710/10560 can be seen.

Note: Above mention Price projection & other Information is for educational purpose only.


Tags

Nifty Gann Time Cycle Analysis, Nifty Weekly Trading Levels


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