Nifty Weekly forecast for 12-16 Jan

By | January 10, 2015

Last week we gave Chopad Levels  of 8416 Nifty triggered SL on upside and than rewarded discipline traders with 202 points.  Lets analyze how to trade Nifty in coming week.

 Nifty Hourly Chart

nifty hourly
Nifty Hourly charts moved between both support and resistance line in previous week and is trading above its 21/34 HEMA.8231/8242 is the support zone holding the same nifty can move towards 8400/8450 levels.

 Nifty Hourly Elliot Wave Chart

Nifty Hourly EW

Elliot wave chart  on Hourly is shown above suggesting upmove can continue further and 8480/8550 will decide further course of action.

 

Nifty Daily Chart

nifty daily

Nifty daily chart has completed 56 trading days from the low formed on 17-Oct, as per gann theory next week will be very crucial as per time theory, Also Nifty for 3 time has taken support near 100 DMA also forming triangle formation with breakout, breakdown offing in coming week.

 Nifty Harmonic Pattern

Nifty Harmonic

As per Butterfly harmonic pattern nifty is heading towards new high by Feb holding 7961.

 

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

Nifty As per time analysis 12 Jan is Gann Turn date , except a impulsive around this date. Last week we gave 06 Jan and Nifty give the biggest fall in the current bull market.

 

Nifty Gann Emblem

 Gann Embelm

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
  • 8029-8065
  • 8378-8327
  • 8102-8167

Fibonacci technique

Fibonacci fan

nifty ff

Nifty took exact support @ gann fan and now entering the resistance zone in range of 8420/8440

 Fibonacci Retracement

nifty fibo

8294 is 50% retracement closing above it 8372 which is golden ratio needs to be watched closely.

Nifty Weekly Chart

nifty weekly

It was negative week, with the Nifty down by 110  points  closing @8284  and trading in its uptrending channel . Weekly time frame as per Harmonic suggests Nifty is still in buy on dips mode .

Nifty Weekly Timeline 

 

Trading Monthly charts

nifty monthly

Uptrending Monthly channel is still on, so new highs can still come.

 Nifty Weekly Chopad Levels

 

Nifty Trend Deciding Level:8286

Nifty Resistance:8335,8367,8445

Nifty Support:8237,8180,8140

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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12 thoughts on “Nifty Weekly forecast for 12-16 Jan

  1. Bramesh Post author

    Dear Audhesh ,

    I do not think so.

    Rgds,
    Bramesh

  2. audhesh singh

    Dear brahmesh….You have not replied to my questions.

  3. trushal

    Hi,
    Gann date’s have always been rewarding. Can you mention these dates in advance, say for the next 15 day’s or so. Will be quite helpful

  4. sudhakar

    dear bramesh i dont understand nifty chopad levels,can u pl put it in simple terms like buy/sell at this point and keep sl at this point or reverse at this point?thanx

  5. audhesh singh

    I see doji candle on daily chart….isn’t it can be trend reversal sign?….kindly give your opinion.

  6. Bramesh Post author

    Please go through my earlier reports and do your research.

    Rgds,
    Bramesh

  7. Dhananjay

    Is a gann date a negative day only. WhatWhat is a exact meaning of gann date. Can you share record data for gann dates? I have observed that most of the times it was red day on nifty when it comes to gann date.

  8. Ashok.R

    Dear Sir
    Great post as usual. Wish to trade as per the levels and am sure it will be very rewarding.

    Ashok.

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