Last Week we gave Chopad level of 10512 Nifty gave Long entry and did all 3 target on upside and short gave all 3 target on Downside Lets see how we trade nifty in coming week as we approach important time cycle date of 23 Oct.
Nifty Harmonic
Holding 10138 rally can retrace through 10523/10600/10761
Nifty Gann Angles
Holding on to Gann Angle.
Planetary Cycles and Nifty Movements
As Discussed in last analysis 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.
10600 done and 10250 also done. Bears need to break 10250 for the move back to 10170/10090/10000. Bullish above 10404 for a move back to 10470/10525.
Nifty Supply and Demand
Self Explanatory chart..
Nifty Time Analysis Pressure Dates
Nifty As per time analysis 23 Oct is Pressure date , impulsive move can be seen around these dates.
Nifty Weekly Chart
It was positive week, with the Nifty down by 160 points closing @10303 .As Discussed in last analysis 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.
10600 done and 10250 also done. Bears need to break 10250 for the move back to 10170/10090/10000. Bullish above 10404 for a move back to 10470/10525.
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:10323
Nifty Resistance:10390,10450,10525
Nifty Support:10250,10170,10090
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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