Last Week we gave Chopad Levels of 8595, Nifty gave short entry on Monday which did 1 target on downside,Longs were triggered on 18 did 2 target on upside. Lets analyze how to trade nifty in coming week as we are approaching a important time cycle point as per vedic time analysis.
Nifty Hourly Chart
As discussed in last analysis For coming week 8518-8520 is very crucial range . Break the same Nifty can correct till 8448 levels. 8448-8440 is again an important support as per gann analysis holding the same we can see sharp up rally till 8700/8800.
Nity close on 8520 and saw big rally till 8727, For coming week range of 8737-8748 is important zone of resistance as shown above Closing above it move towards 8840/8950, Unable to close above it going for 8500 again.
As discussed in last analysis We are forming 2 pattern ABCD and Gartley as shown in below chart which gets complete in range of 8448-8460. Low made was 8505 and nifty bounced.
Coming Week 8737 will play crucial role as closing above it will see move towards 8840 and unable to close above it can see move towards 8525/8481.
Nifty Gann Angles
Nifty took support at gann angles at 8505 and rallied, Now Bulls need close above 8801 for 2 days for a move towards 8900/8969 near high, Unable to close above 8800 can see next downmove towards 8450 again.
Nifty Supply and Demand
As discussed in last analysis Now for coming weeks bulls should hold 8656 holding the same we can see upmove till 8778/8850. Bears will get active below 8656 for target of 8540.
8540 done made low of 8541, Now for coming week if 8540 gets taken out we can correct all the way to 8448 and below that 8300. Bullish above 8656 for target of 8728/8774/8840.
Nifty Gann Date
Nifty As per time analysis 26-28 Oct is Gann Turn date , except a impulsive around this dates.
For Nifty traders who follow gap trading there are 8 trade gaps in the range of 7000-9000, rest all gaps were filled in the last week fall.
Nifty Weekly Chart
It was positive week, with the Nifty up by 109 points closing @8693 formed hammer candlestick pattern again closing above its weekly trendline as shown in above chart . Bulls need Weekly close 8774 for momentum to come in their favor, Unable to close above 8737 for next week bears can push nifty towards 8577/8450 range.
As discussed in last analysis Coming 2 week expect big impulsive move as per time analysis, 8540 holding can see back to 8756 and break of 8540 down move till 8448/8300.
As soon as Nifty broke above 8540 we saw a big 155 point rally in market, High made 8727 near target of 8756. Coming week is again very crucial and 25-27 Oct are very high intensity date can see big move in market.
Trading Monthly charts
As per monthly chart traders should watch for 8450 level in any correction holding 8450 is very important for the current uptrend from 6825.
Nifty Weekly Chopad Levels
Nifty Trend Deciding Level:8737
Nifty Resistance :8780,8840 ,8900
Nifty Support :8660,8600,8555
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: https://www.facebook.com/pages/Brameshs-Tech/140117182685863
Follow on Twitter during Market Hours: https://twitter.com/brahmesh
Dear Bramesh, Could you please clarify what do you mean by “except impulsive around these dates” in the below statement
Nifty As per time analysis 26-28 Oct is Gann Turn date , except a impulsive around this dates
Means we can see big move on that day
Where is vedic time analysis as mentioned in first paragraph.