Last Week we gave Chopad level of 11500 Nifty gave Long entry on Monday did 2 target on upside,so GOOD week for chopad followers. Lets see how we trade nifty in coming week. Thanks for donating generously for Kerala Relief Funds. I am very much humbled by the response , Lets keep them in our prayers to help them get over this tough times.
Nifty Harmonic
As Discussed in last analysis Nifty need to close above 11500 to invalidate the pattern. Below 11430 we can see fall towards 11370/11333/11270.
Pattern Invalidated as low made 11500 and now till we are holding 11500 we can rally until 11836. Bearish below 11500 for a move back to 11340/11230.
Nifty Gann Angles
As Discussed in last analysis Breakout above 11500 for a move towards 11555/11612. Below 11430 we can see fall towards 11370/11333/11270.
Break out in gann angle above 11600 for a move back to 11666/11730/11800. Bearish below 11500 for a move back to 11430/11370/11300.
Planetary Cycles and Nifty Movements
As Discussed in last analysis Breakout above 11500 as per planetary line as show above. Bearish below 11430 we can see fall towards 11370/11333/11270.
Higher target for planetary cycle come to 11666/11730 till we are holding 11500. Bearish below 11500 for a move back to 11430/11370/11300.
Nifty Supply and Demand
Self Explanatory chart..
Nifty Time Analysis Pressure Dates
Nifty As per time analysis 29 Aug is Pressure date , impulsive move can be seen around these dates.
Nifty Weekly Chart
It was positive week, with the Nifty up by 86 points closing @11557 and 8 positive week.As Discussed in last analysis Breakout above 11500 for a move towards 11555/11612. Below 11430 we can see fall towards 11370/11333/11270/11230/11150/11070.
11612 done, Now till we are holding 11500 bulls have upper hand and can head towards 11620/11730/11800. Bearish below 11500 for a move back to 11430/11370/11300.
Trading Monthly charts
Nifty gave a monthly breakout and now till we are above 11500 bulls have upperhand towards 11666/11740/11830. Bearish below 11500 for a move back to 11400/11340.
Nifty Weekly Chopad Levels
Nifty Trend Deciding Level:11551
Nifty Resistance:11620,11666,11720
Nifty Support :11500,11430,11370
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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