Nifty for week 9 Jan 2023 to 13 Jan 2023
Weekly Analysis
Last week Nifty opens with a slight gap, tested the previous week high's though did not sustain at highs, and moved lower and closed near the week's low.
Formed: Bear Candle
Price action combined weeks: Sideways {Inside candle - the price has been consolidating in a candle range for the past two weeks}
Seems like the price would trade sideways in the coming week as well and the range can get narrower and time for strangles
Weekly Support at 17670- 17850
Weekly Resistance at 18200-18400
Last week Nifty opens with a slight gap, tested the previous week high's though did not sustain at highs, and moved lower and closed near the week's low.
Formed: Bear Candle
Price action combined weeks: Sideways {Inside candle - the price has been consolidating in a candle range for the past two weeks}
Seems like the price would trade sideways in the coming week as well and the range can get narrower and time for strangles
Weekly Support at 17670- 17850
Weekly Resistance at 18200-18400
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