Nifty Weekly Analysis for 11-15 Jan

By | January 10, 2016

Last Week we gave Chopad Levels  of 7979 , Nifty opened gap down below chopad levels and made low of 7556 near the previous swing low of 7551,  Shorts  Intitated on Monday were rewarded with  all three target done by Tuesday.Lets analyses how to trade nifty next week

Traders should work on New Year resolutions and use the below 2 post for planning a successful and profitable 2016.

 Traders’ Resolutions for New Year-2016 

New Year Resolutions for Trading Success

Nifty Hourly Chart

NIFTY - Pyrapoint

Nifty moved perfectly in pyrapoint angles break support at 225 line, and saw a quick fall till 315 and took exact support at 315 and showed bounce back. Break of 315 @7551 can see fast move till 7430.

Nifty Harmonic

Nifty Harmonic

As discussed Last Week

7979/8024 are the 2 levels which needs to be watched next week, Unable to close above it can see Nifty correcting till 7888/7788.

Shark Pattern will get complete around 7503 level where we need to observe the price action. Holding the same we can see sharp bounceback.

Nifty Gann Angles

gann angles

Break of green line can see fast move on downside.

Nifty Supply and Demand

Supply Demand

Self explanatory chart of Weekly Supply and Demand zone is shown,Weekly close below 7563 can see moving towards 7118 levels.

Nifty Gann Date

Nifty As per time analysis  12 Jan  is Gann Turn date , except a impulsive around this dates. Last week we gave 06 Jan/08 Dec 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
  • 7963-7937
  • 7741-7675
  • 8327-8372
  • 8937-8891
  • 8251-8241
  • 8232-8209
  • 8116-8130

Fibonacci technique

Fibonacci Retracement

nifty ff

7551/7503/7430  are levels to be watched in coming week.

Nifty Weekly Chart

NIFTY - Weekly Trendline

Weekly Gunner - Copy

It was negative week, with the Nifty down  by 362  points  closing @7601 and having worst week from Jan 2011 , again got stop near the middle trendline as shown in 1 chart and closing below its 20 and 100 WEMA  and 55 WEMA. Break of 7503 can see fast move till 7430/7360 levels. Time cycle turned again at the dotted line as shown in below time chart.

Nifty Weekly Timeline

Trading Monthly charts

nifty monthly

Monthly chart took resistance @50% and  support near 61.8% retracement line. Break of 61.8% can see fast move to downside.

Nifty PE

PE

Nifty PE @20.56 lowest from Oct 2014.

Nifty Weekly Chopad Levels

Nifty Trend Deciding Level:7555

Nifty Support:7506,7460,7320

Nifty Resistance:7636,7698,7766

 

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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8 thoughts on “Nifty Weekly Analysis for 11-15 Jan

  1. Rajveer

    Thanks for the terrific analysis. We are on the verge of a major crash globally, rounding top in the weekly nifty targets 6000 long term.

  2. SATISH KUMAR

    Very good knowledge. Based on your harmonic pattern I made GODREJ INDUSTRIES harmonic pattern. I got targets of 397,400,402. Sir plz let me know it is correct or not. Because I bought GODREJ INDUSTRIES one lot futures in 399.20 levels. Should I wait for 404 levels or quit tomorrow.

  3. yogesh thakkar

    Nifty Harmonic

    As discussed Last Week

    7979/8024 are the 2 levels which needs to be watched next week, Unable to close above it can see Nifty correcting till 7888/7788.

    Shark Pattern will get complete around 8503 level where we need to observe the price action. Holding the same we can see sharp bounceback.
    Sir , shark pattern completed around 7503 or 8503?
    I m daily reader of your articles.
    Really u r doing very good work for traders like us

  4. ASHUTOSH

    VERY GREAT KNOWLEDGE BRAHMESH BHAI GOOD ONE PROUD OF U

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