Nifty Weekly Analysis For 14-08-23 to 18-08-23
Nifty Support for the Week is 19300 &
Resistance for the Week is 19650.
Total Range is 19300-19650(350 pts).
If Nifty trades below 19300, the downtrend Continues and ABCD Activates and Targets are 19080/18947.
Long Only Above 19650 for the Targets of 19780/19880.
Verdict: My View is Sideways to Bearish for the Week.
Nifty Support for the Week is 19300 &
Resistance for the Week is 19650.
Total Range is 19300-19650(350 pts).
If Nifty trades below 19300, the downtrend Continues and ABCD Activates and Targets are 19080/18947.
Long Only Above 19650 for the Targets of 19780/19880.
Verdict: My View is Sideways to Bearish for the Week.