NIFTY WEEKLY ANALYSIS AND CORRELATION TO DAILY.
1)On weekly basis nifty has formed inside bar low of which is 10901 and high 11145.
2)On daily basis nifty has entered in to the congestion zone squeezed by support and resistance
in 60 minutes chart it is more visible.
3)on the last trading day nifty has formed long legged doji, price action has pushed up from low level.
4)nifty has strong support at 10996-10886 and resistance at 11097
5)If nifty breaks this resistance it may reach 11292 and 11336
6)If nifty breaks down of the support probable levels I will try to update.
7)please see the attached chart.
2)On daily basis nifty has entered in to the congestion zone squeezed by support and resistance
in 60 minutes chart it is more visible.
3)on the last trading day nifty has formed long legged doji, price action has pushed up from low level.
4)nifty has strong support at 10996-10886 and resistance at 11097
5)If nifty breaks this resistance it may reach 11292 and 11336
6)If nifty breaks down of the support probable levels I will try to update.
7)please see the attached chart.
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