Last Week we gave Chopad Levels of 10430, Nifty gave multiple entry for short as per Chopad Level in last week and did all 3 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 15-16 March.
Nifty Harmonic
No New Harmonic pattern seen last pattern was a failure.
Nifty Gann Angles
Bulls now need to hold 10150 bounced from the gann angle for a move towards 10441.
Nifty Supply and Demand
Self Explanatory chart..
Nifty Time Analysis Pressure Dates
Nifty As per time analysis 14/16 March is Pressure date , impulsive move can be seen around these dates.
Nifty Weekly Chart
It was negative week, with the Nifty down by 231 points closing @10226. As discussed in last analysis 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.
All Bearish targets done below 10425. Now for coming week Bulls need a close above 10343 for the upmove towards 10441/10555. Bearish below 10250 for a move back to 10150/10077/10000. 15-16 March again we are getting confluence of time cycle.
Trading Monthly charts
As discussed in last analysis Bulls failed to close above 10531 so we are in Sell on rise market till we do not close above 10630 on Weekly basis.
We saw the effect with a good fall now bulls till are holding 10150 can make one more attempt to close above 10531 for March Series.
Nifty Weekly Chopad Levels
Nifty Trend Deciding Level:10310
Nifty Resistance :10370,10441,10500
Nifty Support :10270,10220,10150
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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