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Nifty Weekly Forecast 26-29 May

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Updated On:

Last week below Nifty Weekly Trading Level 8980, Nifty did our second target on the downside. The Index ended the week with 97 points loss.

In the coming week market is approaching towards the shorter term Fixed Time Cycle; it will be critical to watch price action for further clues about the trend.

Nifty has done Price Time Squaring in the last week; so probability for further rise is more in the coming week.

In the coming week, 26 & 29 May is the Important Gann dates.

Weekly Nifty Gann Angle Chart

Nifty Weekly Trading Levels

Next week 9120 will act as Resistance above, which moves towards 9180/9260/9400 can come.

While I expect support to take place at 8930 below, that move towards 8870/8790/8650 can be seen.

Note: The above-mentioned Price projection & other Information is 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.