May 17, 2020
Last week above 9400, Nifty reached none of the target on the upside. Then Index went below 9170 support & hit the low around 9040, does the second target on downside side. The Index ended the week with 114 points loss.

As per the Nifty weekly analysis for the coming week market is approaching towards the minor cycle which we already discussed in last week analysis.

In the forthcoming week, 19 & 22 May is the Important Gann dates.

Nifty Gann Angle Chart For Weekly Analysis

Nifty Weekly Analysis Levels

Next week 9260 will act as Resistance above, which moves towards 9320/9400/9590 can come.

While I expect support to take place at 8980 below, that move towards 8920/8840/8650 can be seen.

{"email":"Email address invalid","url":"Website address invalid","required":"Required field missing"}
{"email":"Email address invalid","url":"Website address invalid","required":"Required field missing"}

Topics

{"email":"Email address invalid","url":"Website address invalid","required":"Required field missing"}
{"email":"Email address invalid","url":"Website address invalid","required":"Required field missing"}
{"email":"Email address invalid","url":"Website address invalid","required":"Required field missing"}

Related Posts

Nifty Bank Nifty Weekly Trading Levels 21-25 Sep

Nifty Bank Nifty Weekly Outlook 14-18 Sep

Nifty Bank Nifty Weekly Gann Analysis 07-11 Sep

The Cycle of Lows in Nifty 50 Index

>