Last week below 9300 Nifty Index hit the low around 9116 level, as did the second target on the downside. The Index ended the week with a 608-point loss.
Next week the Nifty Time Cycle date is coming towards and that is critical Time Cycle Point to watch. It is important to note the next minor cycle, which will come next to next week will follow it.
Last time when this Nifty Time Cycle date came we saw the low on 24th March 2020 & from their Nifty rise 2300 points. So, it will be worth to watch this Nifty time cycle point.
In the coming week, 12 & 14 May is the Important Gann dates.
Nifty Weekly Trading Levels
Next week 9400 will act as Resistance above, which moves towards 9470/9560/9700 can come.
While I expect Support to take place at 9170 below, that move towards 9100/9010/8880 can be seen.
Note: The above-mentioned Price projection & other Information is for educational purpose only.
