NIFTY 50 GANN ANALYSIS WEEKLY EXPIRY 02 MAY 2024
Nifty has made a ATH at 22783.35 on 30 Apr 2024. Index has a range to watch 22150 and 22900.
We are prodding the 22800 level with multiple attempts. We have mid seasonal date coming at 5 May 2024 which will be interesting to watch for the index. Level of 21800 was defended by bulls successfully in the past. Bears have been trapped many a times in recent times and may be looking for an opportunity window. We are in the 5th year from the low of March 2020. This year is the year of ascension in W. D. Gann theory so surprises on the upsides. Predicting the tops is not advisable for traders instead they should follow the market trend in general.
Intraday levels to watch are 22619 and 22591. Above 22619 if we gap up then 22662 is important level to watch. Above this level recovery is possible further ahead on the upside. Below 22591 we may see 22577 to 22549.
Happy Trading !!!
N.B. Not a financial advice to buy or sell.
With usual disclaimers as applicable within the reach of this
beautiful trading analysis platform. Thanks to the developers
of the program for this opportunity to use it freely to
express our ideas to the community of traders.
We are prodding the 22800 level with multiple attempts. We have mid seasonal date coming at 5 May 2024 which will be interesting to watch for the index. Level of 21800 was defended by bulls successfully in the past. Bears have been trapped many a times in recent times and may be looking for an opportunity window. We are in the 5th year from the low of March 2020. This year is the year of ascension in W. D. Gann theory so surprises on the upsides. Predicting the tops is not advisable for traders instead they should follow the market trend in general.
Intraday levels to watch are 22619 and 22591. Above 22619 if we gap up then 22662 is important level to watch. Above this level recovery is possible further ahead on the upside. Below 22591 we may see 22577 to 22549.
Happy Trading !!!
N.B. Not a financial advice to buy or sell.
With usual disclaimers as applicable within the reach of this
beautiful trading analysis platform. Thanks to the developers
of the program for this opportunity to use it freely to
express our ideas to the community of traders.
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