Last Week we gave Chopad level of 10825 Nifty gave Short entry on Monday did 2 target on downside so GOOD week for chopad followers. High made for the week was 10834 just near to our Chopad level of 10825 and whole week Nifty remained below our chopad level. Lets see how we trade nifty in coming week, as we approach June month Expiry and effect of Gann Time Cycle date 22 June on Monday.
Nifty Harmonic
As discussed in last analysis 10888 done not waiting for 11000/11100
Still waiting for target till we hold 10700.
Nifty Gann Angles
Waiting for 11000/11100 till we are holding 10700
Planetary Cycles and Nifty Movements
As discussed in last analysis Bulls need to close above 10846 for the move to continue towards 10930/11000. Bearish below 10750 for a move back to 10680/10600.
High made was 10834 for the last week so bull case was not active, bears became active below 10750 made low of 10701. For Coming week Bulls need to close above 10846 for the move to continue towards 10890/10930/11000. Bearish below 10700 for a move back to 10666/10600
Nifty Supply and Demand
Self Explanatory chart..
Nifty Time Analysis Pressure Dates
Nifty As per time analysis 25/29 June is Pressure date , impulsive move can be seen around these dates.
Nifty Weekly Chart
It was positive week, with the Nifty up by 4 points closing @10821 .As discussed in last analysis Bulls need to close above 10846 for the move to continue towards 10930/11000. Bearish below 10750 for a move back to 10680/10600.
High made was 10834 for the last week so bull case was not active, bears became active below 10750 made low of 10701. For Coming week Bulls need to close above 10846 for the move to continue towards 10890/10930/11000. Bearish below 10700 for a move back to 10666/10600
Trading Monthly charts
As discussed in last analysis Bulls need to close above 10730 for rest of June series for momentum to continue on upside.
Bulls finally closed above 10730 on weekly basis suggesting we can see further move towards 10900/11000.
Nifty Weekly Chopad Levels
Nifty Trend Deciding Level:10846
Nifty Resistance:10888,10930,11000
Nifty Support :10777,10720,10666
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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