Nifty Weekly View 17th – 21st April

Last week on monday Nifty made low 9174.85 near our 9172 TCL from there rewarded for more than 50 points to TCL followers, Shorts was initiated on thursday below 9145 but could reach to target or neither stoploss came , For next week nifty can witness correction till 9005 – 8948 as range of 9133 – 9120 will very important for the market

 

Nifty price cycle suggest we can witness pullback or pause in this uptrend which we are seeing from 7893 dec 2016 low , as in that case on down side 9005 – 8948 will be support range..

 

Harmonic Cypher pattern will get complete around 8948 , in case of breaking 8948 we can see corection near 8860-8840

 

19th & 20th April are Gann date for Nifty , we can expect some volatility or we can see short term top or bottom over there..

 

Nifty Trend Changing Level 9120

 

Nifty Weekly Trading Levels

Buy Above 9205

Target – 9260 / 9330 / 9420

Sell Below 9095

Target – 9040 / 8980 / 8890

 

 

. Kindly note above mention levels are for Nifty cash 

. Always trade with stoploss & book partial profit as 1st target reach or trail stoploss

 

Note: These are my personal trading views , before taking trade kindly consult your trading adviser & kindly see disclaimer 

Leave a Reply

Your email address will not be published.