Nifty 50 Analysis for this week in Daily timeframe

13 Mar 2022

NIFTY ANALYSIS -

1. Trend - Down in Daily Time frame. Trend will change to up above 16800.

2. Support - 16400, 15700.
Resistance - 16800, 17200, 17600.
Major Resistance - 18300, 18600.

3. Future Trend - As trend was down we expect down trend to continue till 15500 zone.

Our down trend will change to up trend if NIFTY trades above 16800.

BUY -
1. If trades above 16800.

2. Stop - Below 16700.

3. Target - 17200, 17600.

SEll -
1. If trades below 16400.

2. Stop - Above 16500.

3. Target - 16200, 16000, 15700.