Last Week we gave Chopad level of 11390 Nifty gave Short entry on Monday got stop out Long on Wednesday did 1 target on upside so average week for chopad followers. Lets see how we trade nifty in coming week as we approach important time cycle date of 11 Aug.
Nifty Harmonic
As Discussed in last analysis now waiting for final target of 11500 till we are holding 11230.
11495 done now ABCD pattern is completed and we have PRZ zone now bears have upperhand towards 11300/11129/11070 till we do not close above 11500.
Nifty Gann Angles
As Discussed in last analysis close above 11400 can see fast move towards 11444/11500.
11495 done and we have hit the zone of resistance. Fresh long should be taken above 11500. Below 11390 we can see correction till 11300/11230/11130/11070.
Planetary Cycles and Nifty Movements
As Discussed in last analysis 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.
11495 done. As we have hit the resistance zone as per planetary cycles bulls need a close above 11500 for a move towards 11557/11611. Bearish below 11390 for a move back to 11300/11230/11150/11070.
Nifty Supply and Demand
Self Explanatory chart..
Nifty Time Analysis Pressure Dates
Nifty As per time analysis 13 Aug is Pressure date , impulsive move can be seen around these dates.
Nifty Weekly Chart
It was positive week, with the Nifty up by 68 points closing @11429.As Discussed in last analysis 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.
11495 done. As we have hit the resistance zone as per planetary cycles/gann cycle bulls need a close above 11500 for a move towards 11557/11611. Bearish below 11390 for a move back to 11300/11230/11150/11070.
Trading Monthly charts
We have resistance zone as per monthly chart so bull need a close above 11500 for a breakout towards target of 11600. Till we are below 11500 bears will have upper hand.
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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