NIFTY - WEEKLY CHART - SUPPORT

16 Mar 2023

Nifty is near final major support on Weekly Chart...If the bounce has to happen it should be from here in couple of days...
If we have 2 consecutive close below this MA...it will be big PANIC like situation in coming months...

Last 5 years...major bottom has formed near this MA

5 Nis 2023

Not

Hope people made use of this move given near 16950....we had only one close below 100 MA weekly chart...

28 Nis 2023

Not

17950 almost 1000 points...Main Point is Bull Market trend is intact in Nifty

24 May 2023

Not

18450

7 Tem 2023

Not

19500