Nifty Weekly Forecast for 15-19 JUne

By | June 13, 2015 6:41 pm

Last week we gave Chopad Levels  of 8156 ,Nifty made high of 8163 and  did 2 target on downside rewarded Chopad followers .  Lets analyze how to trade market in coming  week.

Nifty Hourly Chart

nifty hourly

As discussed last week Break of 8057 can see move towards 8016/7961 odd levels. Nifty Hourly charts with gann angles are drawn,Nifty broke the @16×1 gann line and resistance will be @8×1 @8056. Also Bull Power indicator is crossing the median line which if sustained can see relief rally coming in market till 8147/8290 odd levels.

Nifty Hourly Elliot Wave Chart

Nifty Hourly EW

Hourly charts EW target comes @788 and if 8000 is broken on MOnday we can see fast move on upside.

Nifty Pyrapoint Analysis

NIFTY - Pyrapoint

As per Pyrapoint Analysis Bullish move only on Hourly close above 135 line @8060.  Support @ 180 line @7914

 Nifty Market Profile

Market Profile

Nifty as per market profile if able to cross 8027 upside target comes to 8159. Bearish below 7903 for short term target of 7829.


Nifty Gunner

Nifty Gunner

As per gunner nifty is still holding 2×1 gunner line if held bulls have hope for target of 8157/8232.

Nifty Harmonic

Nifty Harmonic

Nifty has completed the BAT  and ABCD pattern on downside. Holding lows can see bullish upside move.

Nifty Daily Elliot Wave Chart

NIFTY - Daily EW

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

Nifty MML

Unable to cross 7971 short term target 78131. Holding above 8000 short term target 8126/8281.

Nifty Gann Date

Nifty As per time analysis 17 June/20 June  is Gann Turn date , except a impulsive around this dates. Last week we gave 08 June/10 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
  • 7927-7940
  • 8262-8271
  • 8365-8391
  • 8937-8891


Fibonacci technique

Fibonacci fan

nifty ff

Took support @38.2%


Nifty Weekly Chart

nifty weekly

It was negative week, with the Nifty down by 131  points  closing @7982 , and closing below its 20 WSMA and its 55 EMA. . Nifty has seen lowest closing of 2015 and below 8000. Weekly charts are oversold and showing divergence . Holding the low can see nifty moving intital move towards 8057 and 8232. As per time analysis next cycle from  15 June will be neutral to bullish .

Nifty Weekly Timeline


Weekly Gunner

Weekly Gunner

Gunner weekly charts move towards the horizontal line as discussed lat week,

Trading Monthly charts

nifty monthly

Monthly chart broke 23.6 % retracement.

Nifty PE


As per PE ratio has again down  to 22.12, Result season finally showed effect and nifty corrected almost 5% from 23 odd levels.

Nifty Weekly Chopad Levels

Nifty Trend Deciding Level:8026

Nifty Resistance:8117,8163,8251

Nifty Support:7894,7806,7755


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.

Want to see post in your Inbox,Register by adding your email id in Post in your Inbox section

Follow on Facebook during Market Hours:

Category: Daily

About Bramesh

Bramesh Bhandari has been actively trading the Indian Stock Markets since over 15+ Years. His primary strategies are his interpretations and applications of Gann And Astro Methodologies developed over the past decade.

29 thoughts on “Nifty Weekly Forecast for 15-19 JUne

  1. MG

    Dear Bramesh – Looking at daily Elliot wave progress, how possible is it that the 5 wave upmove that started in Sep 2013 has actually ended and we are in correction mode.
    Also it seems the wave 4 for rally starting March 2009 in in process so a secular upmove might only start sept/oct onwrads that can last till Q1 2017. Your thoughts please…………

  2. Sankar

    Dear Bramesh

    I saw your blog just yesterday only

    Your prediction on nifty is amazing as
    I keep track of all of our big players like
    ICICI, Sharekhan, SMC, Most, Angle
    But none predicted it right for today
    As you said on nifty direction today
    they should know abcd of technical
    and also bat should fly (trend-reversal)
    i doubt nifty will hold above 8000 as
    7800 put is getting heavier day by day

    Keep up the good work and Kudos 2u


  3. MG

    Dear Bramesh…looking at Nifty daily Elliot wave chart, how possible is it that the 4th and 5th waves have already completed (considering Nov 2014 end as EW3 and March start as end of EW5) and in fact we are in correction mode that might last till august start or perhaps september end…….your views please. MG

  4. Mohit

    Thank you for the Article bramesh ji.
    As per the Time cycle, now the bias is Neutral to bullish from 15th june onwards ,till when is this time cycle Going to continue , i mean is it till 19th june only or more than that.

    Thank you !!

  5. sg45696Somnath

    Atul, Mkt is sum /total of every aspect taking into account. I feel as long as there is no solution to the MAT problem FII will be in arm twisting mode. Govt will slowly dilute the issue. FII=DII is not the only factor. Selling by FII is more hyped by media. Sentiment is the biggest factor so saavy investors wait for pessimism to prevail. Traders use both the directions to their advantage. This is how I take the market in my stride.

  6. Vicky

    Amazing analysis…i m ur regular blog from dubai..plz throw some light on which charting software to use..and pc config accordingly sir..

  7. kalvarthy

    Bramesh, in the Nifty Hourly Elliott Wave pattern, (c) cannot be lower than start of the Motive wave. Could you number the Motive wave for better understanding? I think you have marked the low of May as the starting of Motive wave, but then (c) predicted by you will be less than that. Could you please clarify?

    1. Bramesh Post author

      Sure it seems chart did not get updated correctly. WIll Work on it.


  8. Atul Shah

    Sir, I’ve a doubt that why markets eyes on FII’s negative data whereas we’ve positive data from DII’s. Almost equal amount of FII’s selling is bought by DII’s. Then even though why market is headed downwards?

    1. Bramesh Post author

      FII bring market down by trading in derivatives. DII cannot take derivatives route to trade on aggressive manner due to SEBI restrictions.


  9. Gaurav

    Sir it means if we buy Nifty above 8026 according to weekly chopad level , SL will be 7894 which is nifty 1st support ?

    1. Bramesh Post author

      SL 20-25 points.

      Reverse positions if SL get triggered, 2 time SL gets triggered no further trade to be taken on the day.

  10. pujan

    Very nice bramesh sir.

    If i get gunner levels of

    Tcs & infosys

    If the levels of these stocks persist to gunner chart plz keep us strategy.

  11. Sam

    Last week was -ve. but here for this week you mentioned from neutral to bullish instead of -ve to bullish … How?

  12. Sam

    @bvivek88Vivek .. always consider this in +/-1 day. In this case this could be on Firday (19th June)


Leave a Reply