The market is moving on the predicted lines. First, we projected March will be an important month. Then Second, we projected bottom expectation in the third week of March. The bottom low came on 24th March. And from their Index is up around 1500 points.
Last but not the least. After projecting turn, next comes the entry for gaining the profit from analysis.
But that’s not the end. The Monthly Chart, which we discussed in ‘March Nifty Weekly Posts’, worked perfectly.
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Now let’s get back to the coming week of Nifty analysis. The critical week ahead for bulls. Market is progressing towards a significant point in Time.
The primary hurdle for Nifty on the upside is to cross over and stay above 9200-9300 resistance range. Above that, we can expect further upside.
On the lower side, 8840-8820 range is crucial below that Index can re-visit the lower levels.
In the coming week, 13 & 16 April is the important Gann Time Cycle date.
Nifty Weekly Trading Levels
Next week 9175 will act as Resistance above, which moves towards 9250/9370/9650 can be seen.
While I expect Support to take place at 8975 below, that move towards 8900/8780/8600 can be seen.