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Nifty View for Aug 2022 Week-1 – 17700 Next or Will we break 17000 Gap Zones??

Hi All.
Nifty Fall from 20 Oct. 2021 (18600) is in a ZZ Pattern. Price has taken Support at recent Low at 15200 in June 2022 and now at 17100+ Zones.

17000 is Critical Support for Nifty to keep moving up, a Possibility for 17700- 17728 TL Resistance zones.

Gap Zones at 16900 / 16630 / 16348 and 16057 may see Support and Buying interest. and may get tested in future. Keep a Watch.

Overall Price is in a Time Correction in an Expansion Pattern.

next GAP zones at 17400 will see some Resistance. 

On our radar : 17400-17411 / 17487 / 17780

Happy Weekend
Ramesh Nadar
NiftyXperts
Mumbai

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