Jha_Nidhi

#NIFTY WEEKLY MARKET FORECAST

Long
NSE:NIFTY   Indice NIFTY 50
The price perfectly fulfills my last idea. Strong reversal seen in the price which tends to lead the price towards upside and #Nifty made high of 17638 and hit the target of 17555/17600. As mentioned before that #NIFTY Trading in the Descending Parallel Channel and now near the upper side of the Channel which can act as Resistance for the price and if price breaks this channel and sustain above it than price can move towards upside and targets will be 17888/18055/18200 can be seen in next coming Trading sessions. And If price not able to breaks the upper channel and drop towards downside than we can see down move. Below 17400--17350 only weakness seen in the price.17200--17200 level can act as the support for the price as they previously acted as resistance and if market will drop down than this level can perform as the strong support zone for the price.

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