Last Week we gave Chopad level of 10944 Nifty gave Long entry and did all 1 target on upside and short did all 3 target on downside and we also seen the effect of important time cycle date of 03 Oct market was in free fall, so excellent week for chopad followers. Lets see how we trade nifty in coming week as we approach important time cycle date of 09 Oct.
Nifty Harmonic
No Valid Harmonic Pattern Seen.
As Discussed in last analysis Any break of 10850 can see fast fall towards 10800/10730.
10730 done as per last week analysis.
Nifty Gann Angles
Any close below 10210 can see fast move towards 10090/10000 where next gann support lies.
Planetary Cycles and Nifty Movements
As Discussed in last analysis Now 10850 is an important support and Nifty closed above 10930 as shown in above planetary chart as we have confluence of support in that zone. Now Bulls need to close above 10944 for a move back towards 11106/11060/11116. Bearish below 10850 for a move back to 10800/10730/10666.
Bulls need to protect 10201 in coming week Blue color planetary line else we can see another round of selling towards 10090/10000/9938. Bullish above 10343 for a move back to 10410/10466/10525. Short covering will be very fast and furious trade in less quantity. 09 Oct is very important time cycle date.
Nifty Supply and Demand
Self Explanatory chart..
Nifty Time Analysis Pressure Dates
Nifty As per time analysis 09/11 Oct is Pressure date , impulsive move can be seen around these dates.
Nifty Weekly Chart
It was negative week, with the Nifty down by 212 points closing @10931 .As Discussed in last analysis Now 10850 is an important support and Nifty closed above 10930 as shown in above planetary chart as we have confluence of support in that zone. Now Bulls need to close above 10944 for a move back towards 11006/11060/11116. Bearish below 10850 for a move back to 10800/10730/10666. 03 Oct is very important time cycle date.
All Bearish target done top of week made on 03 Oct, Bulls need to protect 10201 in coming week else we can see another round of selling towards 10090/10000/9938. Bullish above 10343 for a move back to 10410/10466/10525. Short covering will be very fast and furious trade in less quantity. 09 Oct is very important time cycle date.
Trading Monthly charts
October has been bad month historically now Bears have upper hand till we are below 10494 for a move towards 10088/9800.
Nifty Weekly Chopad Levels
Nifty Trend Deciding Level:10201
Nifty Resistance:10270,10350,10410,10470
Nifty Support:10114,10040,9938
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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why you were not able to forsee fall till 10200? Technical Analysis failed or limitation of technical analysis? ???
Sir in weekly view ,at the end support and resistance written wrongly, interchange,
Support should be resistance and vise versa,