Last Week we gave Weekly Chopad level of 6000 Nifty did the almost three target on upside.Next week will be very volatile hence traders are advised to trade with caution. Nifty monthly closing have lost the momentum as were unable to close above 6200 and Weekly charts are already in downturn and this being an pre election result week volatility will be name of the game. So trade with extreme caution in coming week
Nifty Hourly Chart
Nifty Hourly charts are showing negative divergence in leading indicators unable to cross 6207 and breaking 6160 negative divergence will come in effect.
Nifty Daily Chart Time Analysis
As per Nifty Time analysis we will reach the short term top in coming session and we can see a short term pullback.
For Nifty traders who follow gap trading there are 5 trade gaps in the range of 5300-6100
Nifty Fibonacci fan are wonderful tool to find the top and bottom in short term.Nifty at resistance of Fibo Fan and support comes at 6030 and resistance at 6342
Nifty Weekly Chart
Trading Monthly charts
Nifty was unable to carry monthly momentum as it failed to close above 6200.
Nifty Trading Levels
Nifty Trend Deciding Level:6207
Nifty Resistance:6250,6290 and 6342
Nifty Support:6130,6091 and 6057
Levels mentioned are Nifty Spot
Stock Performance Intraday sheet for Sep Month is updated on http://tradingsystemperformance.blogspot.com/
Stock Performance Positional sheet for Sep Month is updated on http://positionalcallsperformance.blogspot.com/
Let me go by Disclaimer these are my personal views and trade taken on these observation should be traded with strict Sl
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