Last Week we gave Chopad level of 10846 Nifty gave Short entry on Monday did all 2 target on downside and Long Entry was given on Wednesday and did 1 target on upside so Excellent week for chopad followers. Lets see how we trade nifty in coming week.
Till we are holding 10570 still we have a chance to do 11K in Nifty.
Nifty Gann Angles
Waiting for 11000/11100 till we are holding 10700
Planetary Cycles and Nifty Movements
As discussed in last analysis For Coming week Bulls need to close above 10730 for the move to continue towards 10777/10846/10890/10930/11000. Bearish below 10666 for a move back to 10666/10600
Nifty is trading between the planetary lines as shown in above chart. Bullish above 10800 for a move towards 10846/10930. Bearish below 10730 for a move back to 10666/10610/10570.
Nifty Supply and Demand
Self Explanatory chart..
Nifty Time Analysis Pressure Dates
Nifty As per time analysis 09/12 July is Pressure date , impulsive move can be seen around these dates.
Nifty Weekly Chart
It was positive week, with the Nifty up by 58 points closing @10772 .As discussed in last analysis For Coming week Bulls need to close above 10730 for the move to continue towards 10777/10846/10890/10930/11000. Bearish below 10666 for a move back to 10666/10600/10555.
Both Bullish and Bearish case were active and bears did 10604 and bulls did 10816, We have been trading in very tight range in last few weeks suggesting range contraction range expansion will lead to an explosive move above 10846 or below 10570 in between the choppiness will continue. Bulls need to close above 108oo in coming week for a move back to 10846/10930. Bearish below 10730 for a move back to 10666/10610/10570.
Trading Monthly charts
Nifty formed an Inside Month Candle, Breakout will be seen above 10846 below 10550 for atleast 150-200 points
Nifty Weekly Chopad Levels
Nifty Trend Deciding Level:10777
Nifty Support :10730,10666,10610
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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