NIFTY Weekly Technical Analysis for December Expiry

By | December 26, 2021 5:00 pm

Last Week we gave Chopad level of 17031 Bulls did 2 target on Upside and Bears did not got entry as we opened with gap down so AVERAGE week for chopad followers. Coming week Bayers Rule 9 will become active Bayer Rule 9: Big changes on market are when Mercury passes over 19 degrees 36 minutes of Scorpio and Sagittarius,also over 24 degrees 14 minutes of Capricorn so another big week coming ahead.

Nifty Harmonic Pattern

PRZ Zone at 16613 below 17136

Nifty Gann Angles

Hammer in middle of gann angle break of 16900 can lead to big fall towards 16600

Planetary Cycles and Nifty Movements

Plannetary Support 16900 Resistance 17132

Nifty Supply and Demand

Self Explanatory chart..

Nifty Time Analysis Pressure Dates

Nifty As per time analysis 27/29 Dec is Pressure date , impulsive move can be seen around these dates.

Nifty Weekly Chart

Price bounced from lower end of AF

Nifty Monthly Charts

Bulls need to move above 17100 for a move towards 17197/17303. Bears below 16900 move towards 16754/16666

Nifty Weekly Chopad Levels

Nifty Trend Deciding Level: 16976

Nifty Resistance: 17039,17104,17169,17234,17299

Nifty Support: 16900,16785,16729,16666,16610

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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