Nifty Weekly Analysis 16-20 April

Nifty Technical Analysis 16-20 April

As posted in last week analysis:10420 / 10510 are the two Important price targets which should come till we are trading above 10170 / 10100, so in case of any dip we can take long position near these price points and 10390 / 10550 will act as Resistance in the coming week

Nifty did both targets last week now for up-coming week 10549 is hurdle for Bulls close above that move towards 10727 can also be seen ( in few up-coming weeks) and if we look for supports then 10430 / 10279 are the two good support points in case of that much dip we can look to go long near these price points only.

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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.