Nifty Technical Analysis 02-04 May

Nifty Technical Analysis 02-04 May

As posted in last week analysis: Now for upcoming week 10609 will act as Resistance, and if we look for supports, then 10480/10410 are the two good support points in case of dip we can look to go long near these price points only.

Nifty did our target of 10727, which I forecast one week before on 15th April in weekly analysis post, for now, Bulls need to break and close above 10770 above that move towards 10900 / 10950 can be seen, on the other 10665 / 10570 are good support levels bear need close below 10570 to get some control.

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Note: Above mention Price projection & other Information are for educational purpose only.

About the author

Divesh Jotwani is a Full-time trader in the Indian stock market. He has spent over 20+ years researching and discovering WD Gann's methods and applying them day in and out markets.