Nifty Weekly Analysis for 10-04-23 to 13-04-23.
17665-17800 is the Potential Reversal Zone(PRZ) for Nifty as per 0.886 Level of XABCD.
Nifty has already given 800 Pts Straight Move from its low. So there is a Chance of Correction.
If Nifty Tests PRZ Area and Reverses from that Level, Downside Targets are 17380/17290/17200.
17200 is a Major Support for Nifty This Week. We may See a Bounce From 17200 Level as Buyers Will get Active Again.
Long Only If Nifty Sustains Above 17800 for the Targets of 18000/18200.
17665-17800 is the Potential Reversal Zone(PRZ) for Nifty as per 0.886 Level of XABCD.
Nifty has already given 800 Pts Straight Move from its low. So there is a Chance of Correction.
If Nifty Tests PRZ Area and Reverses from that Level, Downside Targets are 17380/17290/17200.
17200 is a Major Support for Nifty This Week. We may See a Bounce From 17200 Level as Buyers Will get Active Again.
Long Only If Nifty Sustains Above 17800 for the Targets of 18000/18200.
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