Nifty for the week ahead

Nifty for the week ahead

Nifty has closed at 11,075 with a decent bullish signs on the chart. The weekly Nifty is at its weekly resistance of 11120-11130. After a strict range of 11180- 10780 , the close on Friday with a strong Bullish candle assumes to be formation of further sideways or bottom out for a short term movement.

On hourly closing , it has formed Inverse Head and Shoulder , which is assumed to be the reversal of trend. Only on the break out of 11100-11150 gives clear view for the next move.

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