Nifty Weekly Forecast for 12-16 Oct

By | October 11, 2015

Last week we gave Chopad Levels  of 8000 ,  Nifty Opened at 8005 gave entry to DISCIPLINED Chopad Followers and rewarded them with 188 points as Nifty did all 3 target on upside.  Lets analyze how to trade market in coming week as we have result season starting with Infosys results.

Nifty Hourly  EW  Chart

Nifty Hourly EW

Nifty Hourly charts are shown above says 8268-8284 range is where the current upmove can see  halt and we can get pullbcak till 8100/8060.

Nifty Gunner

Nifty GunnerGunner also suggest resistance around 8269

Nifty Supply and Demand with Gann Swing Point

Supply Demand

This is what we discussed last week For coming week again 7958 is point of focus closing above it can see 8075/8113/8182 and unable to do that other move towards 7767.

For Coming Week 8174 should be watched holding above it 8232/8269/8370 should be seen, below it 8060/8008

Gann Swing points are market with red and green arrows in above chart.

 

Nifty Gann Date

Nifty As per time analysis  13 Oct/16 Oct  is Gann Turn date , except a impulsive around this dates. Last week we gave 05 Oct/09 Oct  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
  • 7950-8005
  • 8327-8372
  • 8937-8891

Fibonacci technique

Fibonacci Retracement

nifty fibo

8228/8097/7965 /7912/7802  should be watched in coming week.

nifty ff

Touched the high of Fibo Fan and retraced back.

Nifty Weekly Chart

NIFTY - Weekly Trendline

It was positive week, with the Nifty up by 238  points  closing @8190, and closing below its 20 WEMA  and above 55 WEMA and bouncing after taking support from 100 WEMA and held its trendline support as shown in above chart. Nifty Weekly Timeline

Trading Monthly charts

nifty monthly

Monthly chart took support @61.8% retracement line and showed bounce back.

Nifty PE

PE

Nifty PE @22.28 , entering the result season with expensive valuation.

Nifty Weekly Chopad Levels

Nifty Trend Deciding Level:8156

Nifty Resistance:8230,8280,8360

Nifty Support:8090,8050,7950

 

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.Please also read the detailed Disclaimer mentioned in the Right side of Blog.

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11 thoughts on “Nifty Weekly Forecast for 12-16 Oct

  1. K Mohan

    Sir,
    What great analysis. Following chopad levels I made profit. Thanks alot. Regards, K Mohan

  2. Mallikarjun

    Pl send email regarding online courses. I am from Bengaluru

  3. Rahul raina

    Bramesh ji i also want to learn the technical analysis from you. I am impresssed by your level of detail and accuracy. Can i enroll in any course you are running. Unfortunately i can only do only online because of the distance.

  4. Bramesh Post author

    Thanks a lot !!

    Gaps have been removed.

    Rgds,
    Bramesh

  5. Bramesh Post author

    Dear Sir,

    I do not have any advisory service, I share all my analysis on site which is free for all readers. I do conduct few courses for traders who are interested in learning. I have sent the details on your mail id.

    Rgds,
    Bramesh

  6. Sumanta Das

    Sir… How can I learn from you ? Do you have any courses? Do you have advisory service ? Please send me details if any .
    I will wait for your reply.

  7. Priya

    Sir,
    The choppad levels are bang on target. More thah that your motivational videos and your daily dose of correctional articles are awe inspiring. Direction is the key and success follows. Truck loads of gratitude to you.

  8. Rajendra Goel

    Your work is mathematically and graphically commendable and praiseworthy. May I suggest to remove the gaps, which are already filled, from the list of nifty gaps.

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