Last Week we gave Chopad of 11910 Nifty did 1 target on downside and 3 target on upside so EXCELLENT week for Chopad followers. Lets Analyze how to trade in coming week as we have important time cycle date of 20 Dec.
Nifty Harmonic
Heading towards PRZ zone of 12167.
Nifty Gann Angles
Bounced from Gann Angle support of 11850 and now heading towards important gann resistance level of 12167/12240
Planetary Cycles and Nifty Movements
Bulls will become active above 12100 for a move back to 12160/12215/12270.Bears will get active below 12000 for a move towards 11940/11881
Nifty Supply and Demand
Self Explanatory chart..
Nifty Time Analysis Pressure Dates
Nifty As per time analysis 18/20 Dec is Pressure date , impulsive move can be seen around these dates.
Nifty Weekly Chart
Bulls will become active above 12100 for a move back to 12160/12215/12270.Bears will get active below 12000 for a move towards 11940/11881
Trading Monthly charts
Nifty Bulls heading towards monthly resistance of 12167-12200 till we are holding 12000.
Nifty Weekly Chopad Levels
Nifty Trend Deciding Level:12100
Nifty Resistance:12160,12215,12270
Nifty Support:12050,11995,11920
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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