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Nifty Time Cycle Weekly Analysis

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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.

Nifty Time Cycle Chart

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 Angle Chart For Weekly Analysis

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.

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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.