Nifty Hourly Chart
Nifty Hourly charts trading in channel and near channle bottom, Holding 8050-8030 range nifty can scale back to new high, else correction till 7950 on cards.
Nifty Daily Chart
Nifty daily chart is near its upper trendline and also Bulls indicator is making negative divergence suggesting caution at higher levels. Range of 8150-8190 is important resistance for nifty in coming week.
Nifty Daily Elliot Wave Chart
Daily chart are still trading in 3 Wave and dips till 7850 needs to be bought into.
Nifty Gann Date
As per time analysis 10 Sep +-1 day Big move can be seen in Nifty.
For Nifty traders who follow gap trading there are 7 trade gaps in the range of 7000-7800
7150-7160 needs to be closely watched as per gann fan.
Nifty Gann Circle
Nifty is approaching the another gann circle resistance so next week is very crucial.
Nifty Weekly Chart
It was positive week, with the Nifty up by 132 points closing @8086. Nifty took exact support near Andrew Pitchfork support line and bounced back. Negative divergence have started coming on weekly charts, break of 7950 can see the divergence come in effect.Also we are approaching the 55 day cycle on Weekly charts also.
Trading Monthly charts
Bulls will have to save 7422 for momentum to build in August Month as July Series formed a spinning top pattern.
Nifty Weekly Chopad Levels
Nifty Trend Deciding Level:8107
Nifty Support:8050,8000, 7950
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
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