Last week above 12325, Nifty did our first target on the upside. The Index ended the previous week with a 95.55 points gain.
In the coming week, Nifty is advancing near the critical ‘Time Cycle,‘ where we can see the change in the trend — as per long-term charts, Resistance is also near.
Nifty Weekly Forecast for 20-24 Jan Week
In the coming days, Nifty bulls need to trade above 12400 to continue the upside journey.
On the lower end, significant support is around 11260, below that we can again see a dip towards 12200/12120/12020 levels.
In the forthcoming week, 20 & 21st Jan are the critical dates.
Nifty Weekly Trading Levels
Next week 12400 will act as Resistance above, which move towards 12460/12540/12660 can be seen.
While Support is likely to come at 12300 below that move towards 12240/12160/12040 can be seen.
