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Nifty Weekly Analysis 23-27 April

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As posted in last week analysis – Nifty did both targets last week now for upcoming week 10549 is hurdle for Bulls close above that move towards 10727 can also be seen ( in few upcoming 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.

Nifty gave dip on Monday near 10396, which was good buying opportunity as price was not able to sustain below 10430( our Natural Support level) even for 5 min, 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.

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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.