Bullish green candlestick with a small lower shadow emerged on the charts Friday 28th April as Nifty crossed 18,000 mark, indicating continuation of the bullish momentum with strength.
the Nifty also rejected last week’s bearish engulfing candle pattern on the weekly chart and is now moving towards developing a new higher top. On the daily chart, the momentum oscillator RSI (14) has reached a reading of 70 and is now in the overbought zone.
Nifty Technical Level For Next Week Support & Resistance
In the coming week (02 May to 05th May), the market is expected to rise further towards the next resistance of 18,200-18,300 as the short-term upward trend of Nifty continues.
as per Weekly Volatility Nifty Major Resistance 18170 and Support 17960 Closing Basis.
Nifty Upside Momement Will continue if Closing Above 18170 and Next Important Resistance as per WD Gann Angle Level 18345-18420. If Closing Below 17960 then Important Support 17790-17660. as per Previous Youtube Video Analysis.