Last week we gave Chopad Levels of 8450 ,Nifty did 3 target on downside rewarded Chopad followers . Nifty form Bearish Engulfing on Weekly and Inverted Hammer on Daily chart Lets analyze how to trade market in coming week.
Nifty Hourly Chart
Nifty Hourly charts with gann angles are drwan,Nifty took support @8×1 gann line and resistance lies @4×1 @8350. Break of 8057 can see move towards 8016/7961 odd levels.
Nifty Hourly Elliot Wave Chart
Hourly charts EW target comes @8016 and if held can see move towards 8300/8450
Nifty Pyrapoint Analysis
As per Pyrapoint Analysis able to sustain above its 90 degree line, suggesting move towards its 112.5 degree line which lies near 7961.Resistance @45 degree line @8232.
Nifty Market Profile
Nifty as per market profile if unable to cross 8210 downside is still present. Bullish above 8210 for short term target of 8338.
Nifty Gunner
As per gunner nifty is still holding 2×1 gunner line if held bulls have hope for target of 8232/8338.
Nifty Harmonic
Nifty has completed the BAT pattern on downside.
Nifty Daily Elliot Wave Chart
As per EW more legs are left to the rally use dips around 8000/7900 to take exposure to quality large and mid caps stocks. NO leveraged positions this for cash market traders.
Nifty MML
Unable to cross 8126 short term target 7971. Holding above 8126 short term target 8281.
Nifty Gann Date
Nifty As per time analysis 08 June/10 June is Gann Turn date , except a impulsive around this dates. Last week we gave 02 June/05 June Nifty saw a volatile move .
Nifty Gaps
For Nifty traders who follow gap trading there are 14 trade gaps in the range of 7000-9000
- 7067-7014
- 7130-7121
- 7276-7293
- 7229-7239
- 7454-7459
- 7526-7532
- 7598-7568
- 7625-7654
- 7780-7856
- 7927-7974
- 8057-8089
- 8262-8271
- 8365-8391
- 8937-8891
Fibonacci technique
Fibonacci fan
Close at 23.6% retracement zone heading towards 38.2%
Nifty Weekly Chart
It was negative week, with the Nifty down by 318 points closing @8114 , and closing below its 20 WSMA and above its 55 EMA. Nifty Weekly formed bearish engulfing pattern on weekly charts. Nifty has seen lowest closing of 2015. Break of 8056 can see move towards 7997/7961/7910. Holding the low can see nifty moving intital move towards 8232 and 8310. As per time analysis next cycle till 14 June will be neutral to bearish.
Weekly Gunner
Gunner weekly charts also suggests nifty moving towards green arc , unable to hold the green arc can see nifty moving towards the horizontal line.
Trading Monthly charts
Monthly chart broke 23.6 % retracement.
Nifty PE
As per PE ratio has again down to 22.49, Result season finally showed effect and nifty corrected almost 5% from 23 odd levels.
Nifty Weekly Chopad Levels
Nifty Trend Deciding Level:8156
Nifty Resistance:8212,8291,8368
Nifty Support:8056,7961,7810
Levels mentioned are Nifty Spot
Let me go by Disclaimer these are my personal views and trade taken on these observation should be traded with strict Sl.Please also read the detailed Disclaimer mentioned in the Right side of Blog.
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Bramesh ji as per time analysis till 14th june bias is neutral to bearish . So after 15th june will the next cycle of time analysis be Bullish? As is it right time to purchase cash stocks now .
Thank you !
Dear Mohitji,
I have already mentioned in above post cash buys can be taken with no leverage.
Thank you sir ! Sir i have started purchasing stocks in SIP mode , so as per time analysis post 15th june , the cycle is turning Bullish ? As you had mentioned in one of your earlier posts.
Regards,
Mohit.
As discussed investors can start accumulation stocks in SIP manner with out leverage.Do not put all money at single shot keep accumulating.
Rgds,
Bramesh
Nifty support after7961 is 7810…..
r levels right sir or typing mistake
please update nifty analysis for 8 june 2015
good analasys bramesh sir
Oi data is missing even in NSE website its missing any reasons Brahesh ji
Great
great work sir
Dear Bramesh, What is Your analysis as per Murry Math,
great analysis, thank you. 8000 is critical support if we breach that convincingly we can head to 7750. The rupee is also weak and bank nifty is underperforming.
Thanks guruji
Brameshji..
8057–8089 gap got filled on Thursday…
Can you suggest levels for Ashok Leyland Thanx
Bramesh, technically speaking, 29th May close was 8433 and 1st June open was 8417.. For engulfing to happen, the previous body should be completely covered by the new body..So it ACTUALLY not bearish engulfing on weekly..
Please correct me if I am wrong..
Nifty engulfed previous week candle.
Rgds,
Bramesh
ok..