Nifty Weekly View 8th-12th May

Last Week on monday Nifty made low of 9269.90 near our TCL of 9270 & from there made new life time high of 9377 , rewarded more than 100 points to TCL followers, for next week range of 9270 – 9250 will be closely watched out for the further trend


As per the above chart as long as holding 9270 bulls are having full control , any close below 9270 can drag the nifty towards 9200 / 9120 levels


Nifty current short time cycle will going to end on 11th may, below i have also marked the past moves of this short term time cycle


8th may is Gann date for Nifty , we can expect some volatility or we can see short term top or bottom over there..


Nifty Trend Changing Level 9250


Nifty Weekly Trading Levels

Buy Above 9340

Target – 9290 / 9360 / 9450

Sell Below 9230

Target – 9180 / 9110 / 9020


. 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 

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.