Subscribe and Get Our ‘Special Market Analysis Reports’ In Your Inbox.

Last week above 11685 Nifty did all the three weekly targets. The Index ended the week with 306 points gain. 

In the coming week, Nifty is approaching the critical fixed time cycle period. 

Nifty Hourly Chart

As per the Nifty hourly chart, Bulls need to trade above 11950 for the up move towards 12010/12100.

On the other hand, Bears will get strength below 11800 levels for the move towards 11740/11650 levels.

Nifty Daily Chart

As per the previous week’s discussion, Nifty bulls get the strength above 11677. We witness the one side rally in Index above the Gann Resistance level.

Now in the coming week, Nifty need to close above 11973-12010 Gann Resistance range. If fail to do so; then we may see some weakness & correction in the present ongoing rally.

Nifty Weekly Chart

Nifty Weekly Analysis For 04-08 Week

Last week in this section of Nifty Weekly Analysis, we discussed. We may see more upper levels in the coming days as weekly charts are moving in a specific set of vibrations. On the lower end, Support is still around 11330 below that only we may see short bearishness in the markets.

Nifty moved up towards more higher levels. It rewarded well to our Point to Point trading method students.

Now in the coming week, 12000-12025 is the most crucial range which bulls need to clear on closing basis for further rise.

In the forthcoming week, 04th & 06th Nov are the critical dates.

Nifty Weekly Trading Levels

Next week 11960 will act as Resistance above which move towards 12020/12100/12250 can seen.

While Support is likely to come at, 11800 below that move towards 11740/11660/11510 can be seen.

Note: Above mention price projection & other Information are for educational purpose only.

Related Topics


You may also like

September 29, 2020

After 1000 points, correction bulls got the support near august month low.But the road ...

Read More

September 27, 2020

The ice melting move of last week pushes the Index towards one month lower ...

Read More

September 22, 2020

The volatility stands high. During such times you should remain extra cautious before making the ...

Read More

September 21, 2020

Nifty Price Action Holds The Key Now For BullsBears continue the show of last ...

Read More
{"email":"Email address invalid","url":"Website address invalid","required":"Required field missing"}
>