NIFTY Weekly Overview – 05 December 2022

Did you read the previous Outlook of Nifty 50?
Click here: NSE NIFTY Weekly Overview – 31 October 2022

Result of the previous outlook:
We discussed the importance of closing above the pivot level in our previous outlook. The price was trading at 17786, and it has broken out of the dynamic resistance line. My outlook for the month was bullish.

I had written clearly, “Can you imagine that one bullish candle could reach the 19000 targets in every advisor’s notebook?”

  • Price has made a new high of 18998 in the future market.

Where do we go from here?

Timeframe: weekly

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