Even after solid getting solid gains in the precious week, on Monday gap down opening is expected.
It was Win… Win Situation For Nifty Traders & Our Special Report Readers. As before hitting 9890, In my ‘Special Report’ on Nifty, we projected the target of 9850/9910 levels.
And now, after reaching 9850/9910 target, we can see reversal in Nifty; it was perfect timing for riding the 600 points gains.
In the coming week, for Nifty weekly trading 05 & 08 May is the Important Gann Time Cycle dates.
Weekly Nifty Trading Levels
Next week 9580 will act as Resistance above, which moves towards 9660/9780/9999 can come.
While I expect Support to take place at 9300 below, that move towards 9220/9100/8880 can be seen.