Nifty Weekly Outlook and Trend for 02-06 May

By | May 1, 2022 6:37 pm

We have trading Holiday on 03 May, We have important aspect of SUN Conjunct Uranus Pluto Retrograde Venus Ingress so big volatile move coming ahead of us. Stay disciplined and trade right position size. 

Nifty Harmonic Pattern

16824 is very important now for the above Pattern to remain valid. 

Nifty Gann Angles

Inside Bar on Weekly Chart.

Planetary Cycles and Nifty Movements

Planneatry resistance line 17333-17286 should act as strong support and 16850-16800 act as Strong Support.

Nifty Supply and Demand

Self Explanatory Chart

Nifty Time Analysis Pressure Dates

02/05 May are the Important Gann/Astro Date for coming week.

Nifty Weekly Chart

Weekly chart is stuck in the range of 16983-17273.

Nifty Monthly Charts

Bulls need move above 17224 for a move towards 17347/17469/17576/17729. Bears below 16824 for a move towards 16580.

Nifty Weekly Chopad Levels

Nifty Trend Deciding Level: 16982

Nifty Resistance: 17048,17114,17179,17245,17311

Nifty Support: 16916,16850,16793,16727,16666

Levels mentioned are Nifty Spot

As always I wish you maximum health and trading success

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