Nifty heading from Breakout, Weekly Analysis

Last week we gave Chopad Levels  of 8550 , Nifty did 3 target on  downside rewarding chopad followers. Lets analyze how to trade market in coming week.

Nifty Hourly Chart

nifty hourly

 Nifty hourly chart with gann box is shown above, breakout comes above 8550 8×1 line and support exits near 2×1  degree gann line around 8450/8440 odd levels. Gann Box again helped in identifying the bottom.


Nifty Pyrapoint Analysis

NIFTY - Pyrapoint

Again took support and bounced back, Again heading towards the crucial resistance zone of 8636.One of the wonderful tool  for traders.

Nifty Gunner

Nifty Gunner

Nifty is getting resisted at red arc corrected, took support near gann line and bounced back as shown in above chart, Heading towards 8600 where price action needs to be watched.


Nifty Gann Box

NIFTY - Gann Box

Gann Box on daily chart is shown above suggesting resistance in range of 8590/8600 levels.Strong support at 2×1 line at 8350.

Nifty Supply and Demand

Supply Demand

Nifty rotated between Supply and Demand zone and rewarding traders who shorted at Demand zone and bought back at supply zone. Self Explanatory chart shown above.

Elliot Wave Analysis

NIFTY - Daily EW

Have been advocating use dips to buy quality stocks.


Nifty Gann Date

Nifty As per time analysis  19 August/21 August is Gann Turn date , except a impulsive around this dates. Last week we gave  11 August/14 August Nifty saw a volatile move .

 Nifty Gaps

For Nifty traders who follow gap trading there are 15 trade gaps in the range of  7000-9000

  • 7067-7014
  • 7130-7121
  • 7276-7293
  • 7229-7239
  • 7454-7459
  • 7526-7532
  • 7598-7568
  • 7625-7654
  • 7780-7856
  • 7927-7940
  • 8174-8195
  • 8091-8102
  • 8355-8381
  • 8937-8891


Fibonacci technique

Fibonacci fan

nifty ff

38.2% again added as support and 61.8% as  resistance as shown above.

nifty fibo

8500/8527/8652/8665/8845 is fibo retracement as shown above are important level to be watched in coming week

Nifty Weekly Chart

nifty weekly

It was negative week, with the Nifty down by 45 points  closing @8518 forming hammer candlestick pattern , and closing above its 20/55 WEMA and bounced from its trendline support as shown in above chart. We are still in Bullish time cycle from 14 June till mid September, correction in between should be bought into with proper risk management.

Nifty Weekly Timeline



Trading Monthly charts

nifty monthly

Monthly chart after 2 Month of hammer candlestick,saw a bullish candlestick, and again nifty took support @78.6 % if low held we should see nifty moving above 8650.

Nifty PE


Nifty PE @23.69 , results have not been so great to justify such rich valuation.

Nifty Weekly Chopad Levels

Nifty Trend Deciding Level:8546

Nifty Resistance:8610,8650,8775

Nifty Support:8490,8420,8360


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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  1. prakash tanak said:

    Nifty As per time analysis 19 August/21 August is Gann Turn date , except a impulsive around this dates. …………. so true ,,,,,, about 200 points down

    August 21, 2015
  2. Bramesh said:

    Thanks All for your comments and feedback. Appreciated


    August 18, 2015
  3. Bramesh said:

    Studies are done to catch all aspect of trading pattern at current juncture, With all the studies we come to chopad levels which are used to trade, For us trading is done on levels.


    August 18, 2015
  4. Bramesh said:

    Follow one methodology and stick to it.


    August 18, 2015
  5. mohitjain said:

    Fii are nett saler in cash nd index so this week will sideways not cross 8650 nd not breck 8335 but in indusval stock will b to much hamring in mkt now big player have captur mkt they are also traping fii or nse fii datta is wrong

    August 16, 2015
  6. There are 5 to 6 technical indicators and analysis and all are not getting right ….one at a time …it means all rest or wrong…so what is great about this? Dear brahmesh…all indicators are not getting right at a time …so its all uncertain…you don’t know next time which one will be right

    August 16, 2015
  7. karna said:

    Sachin, its very clear from charts they are poised upwards… that’s what the weekly analysis says…

    August 16, 2015
  8. Daniel said:

    How will be Monday opening red or green

    August 16, 2015
  9. Shiva said:

    Amazing analysis, your analysis covered from all the perspectives. Very well explained…Hats off to you…

    August 16, 2015
  10. Preet said:

    Overhang of Parliament paralysis gets over on 13 august with close of monsoon session. Markets absorbed all bad news from domestic front and global front and given a very positive close on Friday. If this momentum gets continued we can see Nifty hitting 8800 levels very soon.

    August 16, 2015
  11. Saurabh Garg said:

    Amazing dedication towards markets.. Your passion makes an you an unique mkt person.. You surely are born for just mkts.. Kudos to you!!

    August 16, 2015

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