Last Week we gave Chopad level of 11290 Nifty gave Long entry on Monday did 2 target on Upside and Short on Thursady rewarded Bears with 1 target so average week for chopad followers. Lets see how we trade nifty in coming week as we approach Aug month.
Nifty Harmonic
As Discussed in last analysis We did 11283 and now waiting for extended target of 10395.
10390 done and now waiting for final target of 11500 till we are holding 11230.
Nifty Gann Angles
As Discussed in last analysis All Target done now heading towards the resistance zone of 11380-11400.
11390 high, close above 11400 can see fast move towards 11444/11500.
Planetary Cycles and Nifty Movements
As Discussed in last analysis bulls need a close above 10300 for the next round of upmove towards 10343-10395. Bearish below 11236 for a move back to 11184/11125/11068/11000
11390 done and low made was 11235 so bulls held on to 11235. Now bull need a close above 11400 for a move back to 11444/11500/11557/11611. Bearish below 11230 for a move back to 11185/11100/11060/11000.
Nifty Supply and Demand
Self Explanatory chart..
Nifty Time Analysis Pressure Dates
Nifty As per time analysis 06 Aug/110 Augis Pressure date , impulsive move can be seen around these dates.
Nifty Weekly Chart
It was positive week, with the Nifty up by 82 points closing @11368 .As Discussed in last analysis Bulls need a close above 10300 for the next round of upmove towards 10343-10395. Bearish below 11236 for a move back to 11184/11125/11068/11000
11390 done and low made was 11235 so bulls held on to 11235. Now bull need a close above 11400 for a move back to 11444/11500/11557/11611. Bearish below 11230 for a move back to 11185/11100/11060/11000. 06 Aug is important time cycle date.
Trading Monthly charts
Bulls need to hold 11343 for remaining part of the month for the move towards 11500/11600.
Nifty Weekly Chopad Levels
Nifty Trend Deciding Level:11390
Nifty Resistance:11444,11500,11578
Nifty Support :11330,11266,11200
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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Sir, is the strong resistance zone if 11380 -400 still valid, which was updated last week orvis it negated now and we can start looking upwards?
that still remain resistance till we do not close on it on weekly basis..