Last week was consolidation week for nifty before next trending move as TCL followers rewarded with around 60 points on sell side, for next week range of 9600 – 9650 will be watched closely for next trending move
As per above Nifty price vibration chart bulls are in full control above 9650 & can take nifty towards 9725 / 9820 , bears will have chance only on close below 9600 for move towards 9530 / 9450
New time cycle has been started from 30th may, below i have also marked the past moves of this short term time cycle
9th june is Gann date for Nifty, we can expect some volatility or we can see short term top or bottom over around this date
Nifty Trend Changing Level 9634
Nifty Weekly Trading Levels
Buy Above 9710
Target – 9760 / 9830 / 9920
Sell Below 9600
Target – 9550 / 9480 / 9390
. Kindly note above mention levels are for Nifty cash
. Always trade with stop loss & book partial profit as 1st target reach or trail stop loss
Note: These are my personal trading views , before taking trade kindly consult your trading adviser & kindly see disclaimer
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Divesh Jotwani is an active and full-time trader in the Indian markets. He has spent over 20+ years researching and discovering WD Gann's methods and applying them daily in the markets.
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About the Author
Divesh Jotwani is an active and full-time trader in the Indian markets. He has spent over 20+ years researching and discovering WD Gann's methods and applying them daily in the markets.
