Nifty Weekly View ( week ended 23 Feb 2018) – Daily Chart view

Hi Friends

Glad to Share my Nifty Weekly Views and Analysis for week ended 23^rd Feb 2018 on the EOD Chart

Price has taken Support at 102760 Zones, like as double bottom, and looks ready for a Nice Up move. And Price also took Support at 50 DMA…Now Price amy make a move towards 20 DMA and if holds above 20 DMA>> expect more Rally and Short Covering

The 1^st target we will look at 10600 zones>> also channel TLine and was the previous Support turned resistance zones>>> further if 10630 is broken and Price holds up>> expect next target to 10720 zones    (GAP FILL).

The Fibonacci Targets we can arrive is 10618 / 10723 / 10830 and max 10950.

So next 2 weeks Price action will determine how our targets get hit.

Pl refer our Nifty weekly and EOD charts for more details.

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Happy and Safe Trading