Nifty Weekly Forecast 15-19th Oct

As posted in the last analysis: 10180 – 10156 will be the critical support range, any weekly close below 10156 will add more pressure on the index & levels below 10,000 can be seen in that situation & 10400 will act as support above that move towards 10490 / 10620 can be seen.

nifty

Last week Nifty took support from near to our important weekly level of (10156), as same conveyed in the post, and after that did our first target on the upside.

Now next week, 10546 will act as a significant resistance level above that move towards 10620 / 10725 / 10890 can be seen & 10390 will be critical support level below that move towards 10310 / 10184 can be seen.

Note: Above mention Price projection & other Information are for educational purposes only.

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.