Last Week we gave Chopad Levels of 8256, Nifty gave Short Entry on Monday but got stopped on Tuesday as Nifty opened gap up and low made was 8261 suggesting short need to cut and Longs were triggered which were rewarded as Nifty did the 3 target of 8432 High made was 8460 thus rewarding Chopad Followers. New Time Cycle rewarded Nifty Bulls as Bottom of this upmove was made on 09 Jan and from 10 Jan Nifty rallied 199 points in 4 days. Lets Analyze How to trade Nifty in coming week.
Nifty Hourly Chart
As discussed in last analysis Coming week again 8250 will play crucial role close above it 8330/8370. Below it again a downmove till 8200/8100.
Coming Week 8432 will play crucial role close above it 8567/8700 on cards below it downmove till 8300/8250.
Nifty Harmonic
Cypher harmonic pattern got completed and correction can be seen till 8295/8240 range unable to close above 8460.
Nifty Gann Angles
As discussed in last analysis Coming week again 8250 will play crucial role close above it 8330/8370. Below it again a downmove till 8200/8100.
Coming week close above 8460 next upmove towards 8600/8700. Bearish below 8250 only
Nifty Supply and Demand
As discussed in last analysis Coming week again 8250 will play crucial role close above it 8330/8370. Below it again a downmove till 8200/8100.
Coming week close above 8460 next upmove towards 8600/8656. Unable to do so downmove towards 8300/8261.
Nifty Gann Date
Nifty As per time analysis 17/20 Jan is Gann Turn date , impulsive move can be seen around these dates.
Nifty Weekly Chart
It was positive week, with the Nifty up by 156 points closing @8400 forming Bullish Engulfing pattern, closing above the resistance at the upper end of channel. New Time Cycle rewarded Nifty Bulls as Bottom of this upmove was made on 09 Jan and from 10 Jan Nifty rallied 199 points in 4 days.
Trading Monthly charts
Monthly chart should hold 8295 for Bulls to rule in next 6 months.
Nifty Weekly Chopad Levels
Nifty Trend Deciding Level:8416
Nifty Resistance :8498,8567,8700
Nifty Support :8363,8300,8250
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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amazing as always our Bramesh Sir is
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