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Friday, 16 February 2018

NIFTY WEEKLY ANALYSIS ON 19 TO 22 FEBRUARY 2018

NIFTY WEEKLY UPDATE

Nifty  opened at 10596 , it made a high of 10615 , it made a low of 10480, before closing at 10445.50

Had mentioned that long positions for the day can be taken above 10600 and short positions can be taken below 10510 . Nifty triggered our SHORT trade for the day and completed 2 targets  . As mentioned in the previous post " Now this week Nifty has to sustain / close above 10600 to test 10650 - 10675 initially and above it till 10765 - 10860 next . For a further downmove this week Nifty has to sustain / close below 10410 to test 10250 - 10235 initially and below it till 10145 - 10100 next ..

Had mentioned in the previous post " Now in the coming session Nifty needs to break and sustain above 10600 to test 10685 - 10695 initially and sustaining above it we can see a further upmove till 10700 - 10750. Similarly breaking and sustaining below 10410 we can see a test of 10350 - 10340 initially and breaking and sustaining below it we can see a further correction till 10270 - 10230 . " , and Nifty made a high of 10615.10 above our initial resistance zone .



Now in the coming WEEK Nifty needs to break and sustain above 10600 to test 10635 - 10645 initially and sustaining above it we can see a further upmove till 10700 - 10750. Similarly breaking and sustaining below 10410 we can see a test of 10355 - 10345 initially and breaking and sustaining below it we can see a further correction till 10250 - 10210 .


Nifty WEEKLY Levels for the day are

Long above 10510 for 10555 - 10645 - 10725 , SL 10460

Short below 10410 for 10350 - 10245 - 10165 , SL 10460

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