Nifty Weekly Forecast for 13-17 Nov

By | November 12, 2017 10:38 am

Last Week we gave Chopad Levels  of 10471,  Nifty gave Long Entry as per Chopad Level Monday but was stopped out, Short Entry on Monday rewarded Chopad Followers as it did 3 Targets on Downside, Fall started on the trend change date of 07 November and price level of 10471  so Great  week for Chopad followers. Lets see How to trade Nifty in week.


Nifty Harmonic


 As discussed in last analysis Till we are holding 10350 bulls can rally all the way towards 10530-560 to complete the pattern.

10350 was broken and closed above it, Now range of 10240-60 is important if held we are heading towards the target of ABCD pattern of 10560.

Nifty Gann Angles

 As discussed in last analysis 10410 also done and heading towards the higher end of gann angle towards 10530-560.

High made was 10490 till we are holding 10240 we can head towards the higher end of gann angle @10540-560. Clean move captured from from low to high as discussed in above chart.

Nifty Supply and Demand

Self Explanatory chart..

Nifty Time Analysis Pressure Dates

Nifty As per time analysis 14/15 Nov is Pressure date , impulsive move can be seen around these dates.

Nifty Weekly Chart

It was negative week, with the Nifty down by 130  points  closing @10321  As discussed in last analysis 10461 was the high made, Now waiting for 10520. Bulls now need to hold 10400 for the move towards 10600 when resistance lies. Next week 07 Nov is important time cycle date.

Nifty turned from 07 Nov and we saw decline of almost 200 points, Coming week till nifty is holding 10260 we are heading towards 10450/10500/10560.Bearish below 10240 for a move towards 10123.


Trading Monthly charts

10100 is playing an important resistance zone on Monthly chart, Nifty finally closed above it now we need monthly closing above 10300 for next move towards 10576-10600.November is crucial month for trend change.

Nifty Weekly Chopad Levels

Nifty Trend Deciding Level:10355

Nifty Resistance :10410,10460,10525

Nifty Support :10300,10230,10170

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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