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Nifty Weekly Analysis 07-09 April

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Last week Nifty opened gap-down and below 8375, it did the low around 8055 level. The Index ended the week with 576 points loss.

In the coming week, 08 April is the important Gann Time Cycle date. The last week Gann date resulted in the high on 31st March Tuesday.

The primary hurdle for Nifty on the upside is to cross over and stay above 8380-8400 resistance range. Above that, we can expect short-term trend change in market.

On the lower side, 8030-8000  range is crucial below that Index can re-visit the lower levels.

Nifty Weekly Trading Levels

Next week 8300 will act as Resistance above, which moves towards 8370/8460/8600 can be seen.

While I expect Support to take place at 8000 below, that move towards 7930/7840/7700 can be seen.

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