Last Week we gave Chopad level of 11797 Nifty opened with gap down and did not trigger our chopad level. Let see how to trade in coming week as we approach important time cycle date of 15/16 May.
Nifty Harmonic
11278 done fall from PRZ zone of 11856
Nifty Gann Angles
Reacted from gann angle resistance zone, now bulls need to move above 11343 for a move towards 11444/11512/11570. Break below 11197 it can see fall towards 11100/11030/10970.
Planetary Cycles and Nifty Movements
Coming Week Bulls need to trade above 11300 for a move back to 11366/11444/11512. Bears will get active below 11197 for a move back to 11100/11040/10970
Nifty Supply and Demand
Self Explanatory chart..
Nifty Time Analysis Pressure Dates
Nifty As per time analysis 15/16 May is Pressure date , impulsive move can be seen around these dates.
Nifty Weekly Chart
Coming Week Bulls need to trade above 11300 for a move back to 11366/11444/11512. Bears will get active below 11197 for a move back to 11100/11040/10970
Trading Monthly charts
Bulls need to hold 11200-230 range for whole of May month for bulls to keep an upper hand.
Nifty Weekly Chopad Levels
Nifty Trend Deciding Level:11300
Nifty Resistance:11366,11421,11510
Nifty Support:11230,11166,11100
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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