Nifty Weekly Analysis 20-24th May

In the Last Nifty Weekly Analysis, we discussed. Nifty Index triggered Sell below 11240 Weekly Support level & made the low of 11108.

On 14th May, Nifty made the low 11108 & surge 300 points; the date was already discussed in our last week analysis.

Next week, we have Lok Sabha election result declaration so there will be high volatility in the Nifty index.

Nifty Weekly Analysis 20-24th May

Nifty Weekly Analysis 20-24th
Click on Chart to Enlarge

In forthcoming week 20 & 24th May are the critical dates.

Next week Nifty Weekly Analysis 20-24th May : 

11490 will act as Resistance above which Nifty can move towards 11545/11620/11750 levels can seen.

On the Support side, 11355 will work as support for Nifty. Below that move towards 11295/11230/11100 can seen.

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