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Nifty Weekly View 2nd – 5th May

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Last week  Nifty gave long entry above 9170 on monday & did almost all 3 targets as per weekly trading levels , as per my gann analysis next week range of 9300 – 9270 will be very important for market

 

Nifty has completed Elliott wave ABC pattern , there can be correction seen in comming days ahead

 

Nifty is going to enter into new short term time cycle from 2nd may, below i have also marked the past moves of this short term time cycle

 

Nifty Trend Changing Level 9270

 

Nifty Weekly Trading Levels

Buy Above 9355

Target – 9410 / 9480 / 9570

Sell Below 9250

Target – 9195 / 9125 / 9035

 

 

. Kindly note above mention levels are for Nifty cash 

. Always trade with stoploss & book partial profit as 1st target reach or trail stoploss

 

Note: These are my personal trading views , before taking trade kindly consult your trading adviser & kindly see disclaimer 

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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.