NIFTY Weekly View: 200 EMA Holds Again, 23,140 Ceiling NextOverview
Nifty closed the week at 23,053.10, up 453.10 points or 2.00%. The week started with a dip to 22,387.35, right at the Weekly 200 EMA (22,391.85), and buyers stepped in from there. Price pushed up to a high of 23,118.10 and held most of the gain into the close. That makes the fifth straight week the 22,182-22,391 zone has been defended.
Follow-up on Last Week’s View
Last week we flagged a move above 22,600 opening a path toward 22,735, 22,850, 23,000 and 23,140. Targets 1, 2 and 3 wer 
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NIFTY Weekly View: Weekly 200 EMA Defended for the 4th WeekOverview
Nifty closed the week at 22,600.00, down 546.15 points or 2.36%. After last week’s strong 2.78% rally, buyers gave back most of the gain. The week’s low of 22,372.00 dipped slightly below the Weekly 200 EMA (22,386.71), but the week ended above it. That makes this the fourth straight week the 22,182-22,386 zone has been defended.
Follow-up on Last Week’s View
Last week we flagged a bullish bias on trade above 23,150, targeting 23,282 and 23,489. That trigger was only briefly tagged. 
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Doji at the Weekly 200 EMA — Can Nifty Clear 22,776 ?Last week’s idea flagged the Weekly 200 EMA / 1.0 Fib confluence near 22,182 as a major support zone, with a step-by-step recovery path above it. That’s exactly what’s played out: this week’s low was 22,179.90 — a near-perfect test of that exact level — before buyers stepped in, pushing price as high as 22,776.10.
A doji at a key level:
Despite that wide 600-point swing, Nifty closed the week at 22,520.45, just 12 points above its open of 22,532.40 — forming a doji candle. A doji this small, a 
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Nifty Hits the Weekly 200 EMA — Hold or Break Below 22,182 ?Nifty had its sharpest weekly fall of this entire decline, closing at 22,421.95, down 718.55 points (-3.11%), with the week's low at 22,217.30. This single week has now broken through every level mapped out since late August — 23,070, 23,000, 22,975, 22,910, 22,825, and 22,737 — all of which now sit above as resistance.
Why this week's low matters:
The week's low of 22,217.30 came within striking distance of two major references landing almost exactly in the same place:
1.0 Fib extension at 2 
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