Nifty Weekly Forecast for 05-09 March

Last Week we gave Chopad Levels  of 10512,  Nifty gave multiple entry  for both long and short  as per Chopad Level in last week and did all 2 target on upside and 1 target on downside, Awesome  week for Chopad followers. Lets see how we trade nifty in coming week as we approach the crucial time cycle confluence on 02-04 March.

 

Nifty Harmonic

 

Till we are holding 10270 bulls can again bounce back and hit the target of 11000/11413

Nifty Gann Angles

Bulls now need to hold 10420 for a move towards 10620/10730. Weekly close below 10420 and big fall towards 10120/10000.

Nifty Supply and Demand

Self Explanatory chart..

Nifty Time Analysis Pressure Dates

Nifty As per time analysis 05 March is Pressure date , impulsive move can be seen around these dates.

Nifty Weekly Chart

It was negative week, with the Nifty down by 33 points  closing @10458. As discussed in last analysis Now for coming week bulls need to break 10512 for up move towards 10620/10730. Bearish below 10430 for a move towards 10370/10320.

High made 10620 Low made 10447 so bearish case not activated. Coming week we will see the effect 02-04 March time cycle on Monday, Till we are above 10470 we can see fast move towards 10512/10556/10620 on Upside. Bearish below 10425 for a move towards 10370/10301/10220.

Trading Monthly charts

As discussed in last analysis Bulls now need to close above 10531 range in Feb month for bull run to continue.

Bulls failed to close above 10531 so we are in Sell on rise market till we do not close above 10630 on Weekly basis.

Nifty Weekly Chopad Levels

Nifty Trend Deciding Level:10430

Nifty Resistance :10501,10556,10630

Nifty Support :10370,10302,10220

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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