NIFTY MID SELECT GANN ANALYSIS FOR WEEKLY EXPIRY 06 MAY 2024
Nifty Mid Select Index has shown Triples highs at 11119.85 on 23 Feb 2024, 11029.35 0n 12 Apr 2024 and 11158.40 on 03 May 2024. The last high is also a Triple top with Highs at 11153.20 on 30 Apr 2024, 11156.45 on 02 may 2024 and 11158.40 on 03 May 2024. Thereafter we saw intraday fall till the low of 11009.25 which was near the 3 day low of 10999.25 on 29 Apr 2024.
The level to watch on downside is 10999.25 for the trend bias. We have a cluster resistance at 11066.65 and 11080.30. Both needs to be watch on Monday. Above 11066.65 we may recovery till 11107.75 which needs to crossed for further recovery. Staying below 11066.65 is not good for growth in the index below which we may slide further down till 11025.50 which is very critical for it. Below it we may see change in trend for short term.
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.
The level to watch on downside is 10999.25 for the trend bias. We have a cluster resistance at 11066.65 and 11080.30. Both needs to be watch on Monday. Above 11066.65 we may recovery till 11107.75 which needs to crossed for further recovery. Staying below 11066.65 is not good for growth in the index below which we may slide further down till 11025.50 which is very critical for it. Below it we may see change in trend for short term.
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.