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. 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.
