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Nifty Index Weekly Analysis 20-24 April

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Last week Nifty Index moved both the side, It gave the opportunity to both Bulls & Bears. Market did 1st target on both upside & downside & ended higher at end of the week. Index ended the week with 155 points gain.

Nifty The low and high of the week was almost exact at our discussed levels. The low was around 8821, the exact primary support given in analysis. And later high 9324 around it was close to the expected primary resistance for the week. nifty gann angle chart

Now for the coming week, the primary hurdle for Nifty on the upside is to cross over and stay above 9300-9330 resistance range. Above that, we can expect further upside towards 9500/9630 levels.

On the lower side, 8700-8640 is crucial below that Index can re-visit the lower levels.

In the coming week, 23 & 24 April is the Important Gann Time Cycle date.

Nifty Weekly Trading Levels

Next week 9330 will act as Resistance above, which moves towards 9400/9500/9650 can be seen. While I expect Support to take place at 9140 below, that move towards 9070/8970/8820 can be seen.

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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.