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Nifty Weekly Trading View 04-08 May

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Last analysis;  above Weekly Nifty 9270 level market hit the high around 9890 levels. All three targets on the upside gets achieved. The Index ended the week with 705 points gain.

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.  Before hitting 9890, In my ‘Special Report’ on Nifty, we projected the target of 9850/9910 levels.

And now, after reaching the 9850/9910 target, we can see a reversal in Nifty; it was perfect timing for riding the 600-point gains.

In the coming week, for Nifty weekly trading, 05 & 08 May are the Important Gann Time Cycle dates.

Nifty Gann Angles

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.

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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.