Last week Nifty Index moved both the sides. After, Monday bullish opening Nifty opened gap down on Tuesday & made the low around 8909 level. Because of gap up & gap down opening, no trade get triggered in the week. The Index ended the week with 112 points loss.
In the coming week, 28 & 30 April is the Important Gann Time Cycle dates.
Now in the coming week, the Primary hurdle for Nifty on the upside is to cross over and stay above 9390 resistance level. Above that, we can expect further upside towards 9500/9630 levels.
On the lower side, 8980 is crucial below that Index can re-visit the lower levels.
Nifty Weekly Trading Levels
Next week 9270 will act as Resistance above, which moves towards 9330/9420/9550 can be seen.
While I expect support to take place at 9100 below, that move towards 9040/8950/8820 can be seen.
