Nifty 50 Weekly Analysis:
1W:- Nifty 50 could show weakness as long as it doesn't goes above the black colored level. If it goes above the black colored level in the first 2 days of this week itself then only expect it to touch the second black colored level as well. Else the coming week will be bearish week.
4H:- Once Nifty goes below the smaller black level after opening flat or slight gap up, then expect it to touch the larger black level.
10M:- That black level is a strong support on intraday basis but there's a trap being built in it according to me. Once nifty opens flat and goes below it, there is a very huge chance that market will go sideways/volatile and then go up like a monster. Take Bearish trade in nifty on monday only if it goes down with momentum and only scalp.
I Hope this Weekly Analysis of Nifty will be Helpful for you all. Thank you!
