Last Week we gave Chopad level of 10201Nifty gave Long entry and did all 3 target on upside and short on Thursday got Stopped out and we also seen the effect of important time cycle date of 09 Oct market rallied, so excellent week for chopad followers. Lets see how we trade nifty in coming week as we approach important time cycle date of 17 Oct.We have trading Holiday on 18 Oct
Nifty Harmonic
Holding 10138 rally can retrace through 10523/10600/10761
Nifty Gann Angles
Perfect bounce from gann angle.
Planetary Cycles and Nifty Movements
As Discussed in last analysis 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 Bulls made low of 10198 on start of the week and gave good move, For coming week 10450 and 10600 will play and extreme crucial role. Till 10450 is held bulls have upperhand towards 10570/10600. Bearish below 10450 for a move back to 10370/10300/10250/10200/10090. 17 Oct is important time cycle date.
Nifty Supply and Demand
Self Explanatory chart..
Nifty Time Analysis Pressure Dates
Nifty As per time analysis 15/17 Oct is Pressure date , impulsive move can be seen around these dates.
Nifty Weekly Chart
It was positive week, with the Nifty up by 154 points closing @10472 .As Discussed in last analysisBulls 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.
Nifty Bulls made low of 10198 on start of the week and gave good move, For coming week 10450 and 10600 will play and extreme crucial role. Till 10450 is held bulls have upperhand towards 10570/10600. Bearish below 10450 for a move back to 10370/10300/10250/10200/10090. 17 Oct is 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:10512
Nifty Resistance:10570,10610,10721
Nifty Support:10450,10367,10300
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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