Nifty Weekly Analysis

By | March 2, 2015

Last week we gave Chopad Levels  of 8850  Nifty did 2 target on downside and 1 target on upside in a volatile week which saw swing of 272 points. Lets analyze how to trade next week.

 Nifty Hourly Chart

nifty hourly

Nifty Hourly charts near its trendline resistance.

 Nifty Hourly Elliot Wave Chart

Nifty Hourly EW

Elliot wave chart  on Hourly is shown above suggesting 8806 will play a crucial role in coming week.

 

Nifty Gann Box

NIFTY - Gann Box

Closed above the Yeallow line and now crossing of 8996 will lead to breakout on upside and break of green line can see 8700/8650 on downside.

 

 

Nifty Daily Elliot Wave Chart

NIFTY - Daily EW

As discussed in last week analysis As per EW more legs are left to the rally use dips around 8300/8400  to take exposure to quality large and mid caps stocks.  Market gave the expected dip 2 weeks before and we saw swift recovery, hopefully traders and investors got oppurtunity to take exposure to stocks.

Nifty Gann Date

Nifty As per time analysis 04 March  is Gann Turn date , except a impulsive around this dates. Last week we gave 28 Feb/24 Feb Day  and Nifty saw a volatile move on both the days .

Nifty Gann Emblem

 Gann Embelm

Nifty did not reacted to Gann Emblem date on 16 Feb last week went very neutral so can see big move in coming week.

 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
  • 8277-8380
  • 8711-8729

Fibonacci technique

Fibonacci fan

nifty ff

Nifty took exact support @ gann fan and is now going towards resistance line of FF As per Fibo retracement theory Nifty broke at 78.6% retracement @ 8884 and break above 8884  can see move towards 9000.

nifty fibo

 

Nifty Weekly Chart

nifty weekly

It was positive week, with the Nifty was up by 68  points  closing @8901 forming a Harami candelstick pattern, holding above 8946 heading towards trendline resistance on weekly basis. As per time analysis next  week we can see big move.

Nifty Weekly Timeline 

 

Trading Monthly charts

nifty monthly

Nifty reacted from its lower trendline support  of Monthly channel break of 8900 can see move towards 9200.

 Nifty Weekly Chopad Levels

 

Nifty Trend Deciding Level:8936

Nifty Resistance:9066,9120,9200

Nifty Support:8865,8806,8750

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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6 thoughts on “Nifty Weekly Analysis

  1. Bramesh Post author

    Difference between close of previous day and open of current day

  2. Ravi

    How to determine gaps…?
    If there is a gap between:
    1. Close of red candle and opening of red candle ?
    2. Close of red candle and opening of green candle ? and vice versa…

    Is it correct ?

  3. SK

    Sir.. how to determine on a Gann turn date on which side market will move

  4. Sarge

    Excellent overall analysis. So glad to see someone who understands price, as well as time from an Elliott Wave perspective.
    A question regarding your platform? Motive Wave??

  5. Bramesh Post author

    For tht please follow chopad levels.

    Positive above that negative below it

  6. G Singh

    Sir, you are mentioning big move…………..but up move or down move????????

    “It was positive week, with the Nifty was up by 68 points closing @8901 forming a Harami candelstick pattern, holding above 8946 heading towards trendline resistance on weekly basis. As per time analysis next week we can see big move.”

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