Nifty Weekly analysis for 2-6 December

By | December 1, 2013

Last Week we gave Weekly Chopad level of 6000 Nifty did the almost three target on upside.Next week will be very volatile hence traders are advised to trade with caution. Nifty monthly closing have lost the momentum as were unable to close above 6200  and Weekly charts are already in downturn and this being an pre election result week volatility will be name of the game. So trade with extreme caution in coming week

Nifty Hourly Chart

 nifty hourly

Nifty Hourly charts are showing negative divergence in leading indicators unable to cross 6207 and breaking 6160 negative divergence will come in effect.

Nifty Daily Chart Time Analysis

Nifty Time AnalysisAs per Nifty Time analysis we will reach the short term top in coming session and we can see a short term pullback.

 

 Nifty Gaps

For Nifty traders who follow gap trading there are 5 trade gaps in the range of  5300-6100

  • 5285-5303
  • 5448-5553
  • 5680-5700
  • 5780-5802
  • 6030-5995
  • 6092-6103

Fibonacci technique

Fibonacci fan

nifty ff

Nifty Fibonacci fan are wonderful tool to find the top and bottom in short term.Nifty at resistance of Fibo Fan and support comes at 6030 and resistance at 6342

 

nifty fibo

Nifty Weekly Chart

nifty weekly

It was bullish h week, with the Nifty was up by 180 and gaining 3%.Nifty is forming a symmetrical triangle on daily charts and breakout comes above 6212

Trading Monthly charts

nifty monthly

Nifty was unable to carry monthly momentum as it failed to close above 6200.

 Nifty Trading Levels

Nifty Trend Deciding Level:6207

Nifty Resistance:6250,6290 and 6342

Nifty Support:6130,6091 and 6057

Levels mentioned are Nifty Spot

Stock Performance Intraday sheet for Sep Month is updated on http://tradingsystemperformance.blogspot.com/

Stock Performance Positional sheet for Sep Month is updated on http://positionalcallsperformance.blogspot.com/

Let me go by Disclaimer these are my personal views and trade taken on these observation should be traded with strict Sl

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