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Nifty Weekly Trading Levels For 20-24 Jan

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Last week above 12325, Nifty did our first target on the upside. The Index ended the previous week with 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 gann angle chart
Nifty Weekly Gann Angle Chart

In the coming days, Nifty bulls need to trade above 12400 for continuing 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.

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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.