kbr9121965

NIFTY GANN ANALYSIS FOR WEEKLY EXPIRY OF 16 MAY 2024

NSE:NIFTY   Nifty 50 Index
Nifty Index after falling to swing low of 21821 is recovering from the correction after all time high at 22775. We have hit a high of 21300 odd levels. The level of 22124 is critical for trend to continue ahead. We had double tops at 22124 and 22126 in Jan and Feb 2024. Current swing low made is higher low than the two lows made earlier at 21710 on 20 March 2024 and 21777 made on 19 Apr 2024. Today's high is similar to high made of 23 Feb 2024.
The levels to watch for tomorrow are 22230 and 22173. Extension of range can be seen till 22342 and 22052.
Happy Trading !!!

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