Last Week we gave Chopad level of 10610 Nifty gave a Long trade on Wednesday did all 3 target on upside, so excellent week for Chopad Followers. Lets see how we trade Nifty in coming week as we approach time cycle date of 17/20 Dec.
Nifty Bank Nifty Time Cycle 20 Dec and 29 Dec Video
Nifty Harmonic
Till we are holding 10600 we can scale towards 11000/11250/11318
Nifty Gann Angles
As discussed in Last Analysis 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.
10350 done on Downside and 10800 done on upside in a rollercoaster week.
Coming Week Bulls need to protect 10700 and close above 10816 for upmove to continue towards 10882/10941/11000/111000. Bearish below 10690 for a move back to 10610/10561/10485
Planetary Cycles and Nifty Movements
Bullish above 10816 for a move back to 10885/10941/11000.
Nifty Supply and Demand
Self Explanatory chart..
Nifty Time Analysis Pressure Dates
Nifty As per time analysis 17/20 Dec is Pressure date , impulsive move can be seen around these dates.
Nifty Weekly Chart
It was positive week, with the Nifty down by 111 points closing @10805 .As discussed in Last Analysis For coming week 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.
10350 done on Downside and 10800 done on upside in a rollercoaster week.
Coming Week Bulls need to protect 10700 and close above 10816 for upmove to continue towards 10882/10941/11000/111000. Bearish below 10690 for a move back to 10610/10561/10485
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:10777
Nifty Resistance:10821,10885,10941
Nifty Support:10700,10643,10570
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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Chopad level STOP-LOSS