Nifty - Prediction & Weekly Analysis for - 22 May 2023
Nifty Analysis for Coming Week:
Trend - BULLISH
Nifty trading inside the descending channel took support at 18050 on Friday for Rally on the Upside.
Crucial Support Levels are : 1850 / 18180 - 18050 on the lower side where BUY entry can be initiated.
Resistance levels are - 18260 / 18300 / 18340 and then 18450
If Nifty closes above the Upper channel, 18500-18600 will be the Target for this Week.
SELL entry only if Closes below 18050 level.
Trend - BULLISH
Nifty trading inside the descending channel took support at 18050 on Friday for Rally on the Upside.
Crucial Support Levels are : 1850 / 18180 - 18050 on the lower side where BUY entry can be initiated.
Resistance levels are - 18260 / 18300 / 18340 and then 18450
If Nifty closes above the Upper channel, 18500-18600 will be the Target for this Week.
SELL entry only if Closes below 18050 level.
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