Nifty Weekly Forecast as we approach State Election Result Outcome

By | December 9, 2018 10:01 am
2 Comments

Last Week we gave Chopad level of 10882 Nifty gave a Long trade on Monday which got Stopped out.Short Trade did all 3 target on downside, Top for the week was made on 03 Dec our time cycle date. Lets see how we trade Nifty in coming week as we approach time cycle date of 10 Dec and Election Results on 12 Dec.

 

Nifty Harmonic

No Valid Harmonic Pattern Observed.

Nifty Gann Angles

As discussed in Last Analysis Holding gann angle support and rallying for target of 11035/11100.  any close below 10820 can see downfall till 10777/10721/10666.

All Downside target done, Now bulls need to close above 10600 in case of any gap down due to exit poll/election results for upmove towards 10730/10800/10888/10941. Bearish below 10590 for a move back to 10512/10470/10410/10350/10225.

Planetary Cycles and Nifty Movements

 

As discussed in Last Analysis For coming week bulls need a daily close above 10882 for ride towards 10930/11035. Bearish below 10820 for a move back to 10777/10721/10666.

All Downside target done, Now bulls need to close above 10600 in case of any gap down due to exit poll/election results for upmove towards 10730/10800/10888/10941. Bearish below 10590 for a move back to 10512/10470/10410/10350/10225.

Nifty Supply and Demand

Self Explanatory chart..

Nifty Time Analysis Pressure Dates

Nifty As per time analysis  10/13 Dec is Pressure date , impulsive move can be seen around these dates.

Nifty Weekly Chart

It was negative week, with the Nifty down by 183 points  closing @10693 . As discussed in Last Analysis For coming week bulls need a daily close above 10882 for ride towards 10930/11035. Bearish below 10820 for a move back to 10777/10721/10666.03 Dec Imp time cycle date for Nifty

Bearish target done and we made top on time cycle date of 03 Dec, Now bulls need to close above 10600 in case of any gap down due to exit poll/election results for upmove towards 10730/10800/10888/10941. Bearish below 10590 for a move back to 10512/10470/10410/10350/10225. 10 Dec is very imp time cycle date again, High and low of 10 Dec is very important for next whole week.

Trading Monthly charts

Nifty Bulls need to close above 10941 in December month for the Monthly chart to turn bullish.

Nifty Weekly Chopad Levels

Nifty Trend Deciding Level:10610

Nifty Resistance:10690,10741,10830

Nifty Support:10540,10470,10410,10350

 

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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