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Nifty Weekly Analysis 03-07 Feb

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Updated On:

Last week below 12200 Nifty reached a low around 11633, did all the targets on the downside. The Index ended the previous week with a 586-point loss.

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

Nifty Weekly Analysis for 03-07 Feb

In the coming days, Nifty Bears need to break and trade below 11530 to continue the downside journey.

On the upper side, significant Resistance is around 11800, above that bulls will get some strength back.

In the forthcoming week, 04th & 07th Feb are the critical dates.

Nifty Weekly Trading Levels

Next week 11750 will act as Resistance above, which move towards 11800/11880/12050 can be seen.

While Support is likely to come at 11630 below that move towards 11580/11500/11330 can be seen.

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

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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.