Last Week we gave Chopad level of 11551 Nifty Opened with Gap up so Chopad Followers did not get an Entry. Lets see how we trade nifty in coming week.
Nifty Harmonic
As Discussed in last analysis Pattern Invalidated as low made 11500 and now till we are holding 11500 we can rally until 11836. Bearish below 11500 for a move back to 11340/11230.
Waiting for target of 11830.
Nifty Gann Angles
As Discussed in last analysis Break out in gann angle above 11600 for a move back to 11666/11730/11800. Bearish below 11500 for a move back to 11430/11370/11300.
Close above 11700 can see a breakout as per gann angle which has target till 11888/11930/12001. Bearish below 11600 for a move back to 11530/11470.
Planetary Cycles and Nifty Movements
As Discussed in last analysis Higher target for planetary cycle come to 11666/11730 till we are holding 11500. Bearish below 11500 for a move back to 11430/11370/11300.
Closed at border line. Till 11640 is held bulls have upper hand can push index towards 11760/11808/11850. Bearish below 11600 for a move back to 11530/11470.
Nifty Supply and Demand
Self Explanatory chart..
Nifty Time Analysis Pressure Dates
Nifty As per time analysis 03 Sep is Pressure date , impulsive move can be seen around these dates.
Nifty Weekly Chart
It was positive week, with the Nifty up by 86 points closing @11557 and 8 positive week.As Discussed in last analysis Now till we are holding 11500 bulls have upper hand and can head towards 11620/11730/11800. Bearish below 11500 for a move back to 11430/11370/11300.
11730 done.Its 9 week of rally nifty has done on weekly chart and is approaching the time cycle turn date as shown in blue line in below chart,Trend change is confirmed only on weekly close below 11600. Till 11640 is held bulls have upper hand can push index towards 11760/11808/11850. Bearish below 11600 for a move back to 11530/11470.
Trading Monthly charts
As Discussed in last analysis Nifty gave a monthly breakout and now till we are above 11500 bulls have upperhand towards 11666/11740/11830. Bearish below 11500 for a move back to 11400/11340.
2 Breakout target of breakout now till we are holding 11600 we can see move back to 11830/11888/11970.
Nifty Weekly Chopad Levels
Nifty Trend Deciding Level:11701
Nifty Resistance:11760,11808,11881
Nifty Support :11640,11580,11520
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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