Last Week we gave Chopad Levels of 9326, Nifty gave multiple entry on both long and short side which hit the SL, Shorts which got triggered on Friday did 1 target on downside made low of 9070, thus rewarding disciplined Chopad Traders. Lets see how to trade in coming week.
Nifty Hourly Chart
As discussed in last analysis Coming week 9274 will play crucial role holding the same move back to 9368/9424/9468. Bearish below 9274 for move till 9220/9170/9120.
9368 done. Coming week 9274 will play crucial role holding the same move back to 9368/9424/9468. Bearish below 9274 for move till 9220/9170/9120.
As discussed in last analysis Alternate ABCD in forming holding 9274 rally towards 9463.
Holding 9270 we can see move towards 9400/9463.
Nifty Gann Angles
As discussed in last analysis Bulls should hold 9100-9130 range for a the move towards 9312/9468.
9377 done waiting for 9468
Nifty Supply and Demand
Bulls need to hold 9218 in correction if not able to hold fall towards 9019.
Nifty Gann Date
Nifty As per time analysis 08/11 May is Gann Turn date , impulsive move can be seen around these dates.
Nifty Weekly Chart
It was negative week, with the Nifty down by 18 points closing @9286 and continue to close above the next quadrant as in above chart and closing above 9200. As discussed in last analysis Holding above 9274 we can see move towards 9368/9463. Now for coming week 02 May is very crucial and expect at 150/200 points move on break of 9368/9274.
9377 done also Nifty continue to trade between 9367-9270 suggesting we are in sideways move. Now for coming week break of 9270 we can see move till 9190/9115. Break of 9367 on upside can see move towards 9424/9500.
Trading Monthly charts
Bulls need to hold 8992 on Monthly closing basis for next move towards 9600/10200 in next 6 months.
Nifty Weekly Chopad Levels
Nifty Trend Deciding Level:9312
Nifty Resistance :9368,9425,9478
Nifty Support :9245,9190,9130
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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