Nifty Weekly Analysis for 15-19 Dec

By | December 14, 2014

Last week we gave  Nifty Chopad level of 8546 Nifty made high of 8627 and came down till 8504 did 1 target on downside,Nifty  continued with its upward journey and make new life highs but closed negative on weekly basis after 6 straight weekly rise.Lets see how to trade next week.

 Nifty Hourly Chart

nifty hourly
Nifty Hourly charts has broken its trendline @8300 and is now heading towards 8171/8180 range , if held we can see bounceback in nifty.

 

 Nifty Hourly Elliot Wave Chart

Nifty Hourly EW

Elliot wave chart  on Hourly is shown above suggesting correction is on verge of completion and we can see bpunceback till 8300 levels.

Nifty Daily Chart

Nifty Gann

Nifty daily chart with Gann Box is shown above. Its heading towards 50% support of gann box, holding the same bounceback else the trend continues on downside.

 Nifty Harmonic

Nifty Daily Bias

Nifty daily chart as shown above has entered in BUy on dips mode, Harmonic pattern shows correction is coming to an end.

Nifty Daily Elliot Wave Chart

NIFTY - Daily EW

As per EW more legs are left to the rally use dips to take exposure to quality large and mid caps stocks.

Nifty Gann Date

As per time analysis 16 December +1   is Gann Turn date , except a impulsive around this date.  Last week we gave 08 December  is Gann Turn date and Nifty  showed expected move with a 100 points downmove.

 

Nifty Gann Emblem

 Gann Embelm

22 Dec and 16 Jan are very important date as per Gann Embelm.

 Nifty Gaps

For Nifty traders who follow gap trading there are 7 trade gaps in the range of  7000-7800

  • 7067-7014
  • 7130-7121
  • 7276-7293
  • 7229-7239
  • 7454-7459
  • 7526-7532
  • 7598-7568
  • 7625-7654
  • 7780-7856
  • 7927-7974
  • 8027-8052
  • 8169-8198

Fibonacci technique

Fibonacci fan

nifty ff

8168/8181 should be watched closely on upside and 8350/8400 on upside.

 

Nifty Weekly Chart

nifty weekly

It was negative week, with the Nifty down by 314 points  closing @8224 . Weekly time frame as per AF?Harmonic suggests Nifty is entering a support zone so shorts can start booking profits. Nifty started the new time cycle with a negative week. So bias remains bearish till this cycle do not get complete.

Nifty Weekly Timeline 

 

Trading Monthly charts

nifty monthly

December Bulls need to protect 8150 and bears any close below 8100 can put a dent to this rally.

 Nifty Weekly Chopad Levels

 

Nifty Trend Deciding Level:8205

Nifty Resistance:8286,8328,8367

Nifty Support:8156,8080,8026

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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10 thoughts on “Nifty Weekly Analysis for 15-19 Dec

  1. Bramesh Post author

    Thanks All !!

    Hope all were able to take proper trade as per gann date.

  2. durairajan

    sir your gann date bombarding on 16 th dec .great knowledge.. this fall continues till nifty spot upto 7890 i think.
    DURAIRAJAN

  3. Abhishek

    Bramesh…hats off to your Gann analysis spot on with 16 Dec prediction.What a fall … By the way does this mean and Nifty will continue downtrend here on ?? Any thoughts …

  4. Dharma

    Hi,

    With regard to EW counts the V for (3) is marked near 9000, is there any support for these counts to get negated? If it follows the fall of global markets. Thanks.

  5. bhalchandrabhuskute

    Your all-round knowledge reminds me of all time best all-rounder Garry Sobers of west indies. I am very much interested in learning Gann charts. Please explain gann charts in details, if and when time permits, so that all of us will be benefited.

    Where all Gann charts will be available? and how to read and implement?

    Bhalchandra.

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