Nifty - Prediction & Weekly Analysis for - 22 May 2023

Nifty Analysis for Coming Week:

Trend - BULLISH

Nifty trading inside the descending channel took support at 18050 on Friday for Rally on the Upside.

Crucial Support Levels are : 1850 / 18180 - 18050 on the lower side where BUY entry can be initiated.

Resistance levels are - 18260 / 18300 / 18340 and then 18450

If Nifty closes above the Upper channel, 18500-18600 will be the Target for this Week.

SELL entry only if Closes below 18050 level.