Nifty - Weekly Analysis Sep 2022 - BEARISH until 16800 ?
Nifty Weekly Analysis,
Global cues are negative and SGX indicates Big Gap down more than 100 Points in Nifty on Monday.
Nifty likely to Open at 17200 or below, 17161 is going to be the Strong Support level. If any Strong Buying momentum seen on the opening we can expect BULL run in Nifty. If any weakness 17161 line breaks Nifty might test 17000 and more fall would expect. Next support is only at 16800 in Nifty. On the Higher side we have Resistance at 17470 / 17600 / 17720 levels
More or less this week going to be Volatile or Range Market between 16800 - 17300.
Global cues are negative and SGX indicates Big Gap down more than 100 Points in Nifty on Monday.
Nifty likely to Open at 17200 or below, 17161 is going to be the Strong Support level. If any Strong Buying momentum seen on the opening we can expect BULL run in Nifty. If any weakness 17161 line breaks Nifty might test 17000 and more fall would expect. Next support is only at 16800 in Nifty. On the Higher side we have Resistance at 17470 / 17600 / 17720 levels
More or less this week going to be Volatile or Range Market between 16800 - 17300.
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