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

Last week Nifty made the low around 11800, and high of the week came around 11973. Both the high & low came close to our weekly Support & resistance level.

In the coming week, Nifty is approaching the critical Fixed Time Cycle period. The volatility can be high with quick turn around’s.

Nifty Hourly Chart

http://NS-Hourly-181119.png
Nifty Hourly Angle Chart

As per the Nifty hourly chart, Bulls need to trade above 12015 for the up move towards 12080/12190.

On the other hand, Bears will get strength below 11835 levels for the move towards 11770/11660 levels.

Nifty Daily Chart

http://NS-Gann-Angles-181119.png
Nifty Daily Gann Angle Chart

On the daily chart, Nifty Index is trading in a range from the last couple of trading sessions.

In the coming day’s Nifty bulls need to trade above 12000-12025 range for a rise towards 12070/12200.

The Support on the lower side is around 11800, any close below that can trigger fall towards 11730/11620 levels.

Nifty Weekly Chart

http://NS-WEEKLY-Gann-Angle-181119.png
Weekly Gann Angle Chart

Nifty Weekly Forecast For 18-22 Nov Week

Last week in this section of Nifty Weekly Forecast, we discussed. Nifty made the high around 12030 but failed to give a weekly close above 12025 resistance. In the coming week, bulls need to trade and hold above 12040 for a further strong upside move.

The last week was dull due to the short trading week. The levels on the weekly chart is still the same. Nifty bulls must break & hold above 12040 for substantial upside.

In the forthcoming week, 18th & 22nd Nov are the critical dates.

Nifty Weekly Trading Levels

Next week 12025 will act as Resistance above which move towards 12075/12160/12300 can seen.

While Support is likely to come at, 11850 below that move towards 11800/11715/11575 can be seen.

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


You may also like

Nifty Weekly Time Cycle Analysis 06-10 July

Nifty Intraday Outlook For 03rd July