Nifty Weekly Prediction for 08-12 Feb

Last Week we gave Chopad Levels  of 7457 , Nifty gave short entry on Monday made High of 7600 and did all 3 targets by Wednesday thus rewarding discipline chopad followers by 200 points in matter of 3 trading sessions, Nifty was unable to close above the Chopad level of 7593 throughout the week.  Lets analyses how to trade nifty next week.

Nifty Hourly Chart

nifty hourly

Coming week Break of 315 can see market moving towards 7700.

Nifty Harmonic

Nifty Harmonic

Nifty did 3 target of 7607 made high of 7600 as per ABCD patter ,Close above 7607 can see quick move till 7693. Nifty is also forming Bearish BAT pattern which can see NIfty moving all the way till 7892/ 8003 as shown below  for that we need to close above 7600 on weekly basis.


Nifty Gann Angles

gann angles

As discussed in last week Gann angles are shown above as shown we can see move till blue line.

Nifty bounced exactly from gann angles. Holding 7240 we can see move till 7550/7607.

Nifty Supply and Demand

Supply Demand_Weekly


Supply Demand


Self explanatory chart of Weekly and Daily  Supply and Demand zone is shown,Weekly close above 7563 can see moving towards 7921 levels.

Nifty Gann Date

Nifty As per time analysis  08/10 Feb  is Gann Turn date , except a impulsive around this dates. Last week we gave 02/04 Jan 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

Nifty moving in betten the Fibo Arcs as shown above 7414/7520/7607  are levels to be watched in coming week.

Nifty Weekly Chart

NIFTY - Weekly Trendline

It was negative week, with the Nifty down by 74 points  closing @7489  able to cross just above the middle trendline as shown in above chart and closing below its 20/ 55/100 WEMA.

Trading Monthly charts

nifty monthly

Monthly chart need to close above  the of 61.8% @7700.

Nifty PE


Nifty PE @19.99 double bottom in PE

Nifty Weekly Chopad Levels

Nifty Trend Deciding Level:7455

Nifty Resistance :7500,7560,7634

Nifty Support :7400,7350,7280


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. souraj said:

    Nifty will revisit 7110? Or will take support at 7235..

    February 8, 2016
  2. RAJMOHAN said:


    I FOCUS ON TDL – 7455 MORE THAN 7563 + LVLS

    February 8, 2016
  3. Bramesh said:

    Yess as we closed below 7563 as we have discussed weekly close above 7600 will only change trend

    February 7, 2016
  4. bipworld said:

    Last week you wrote…

    “Weekly close below 7563 can see moving towards 7118 levels.We have seen low of 7221,But now bulls needs to see close 7563 to be out of bear clutches.”

    We closed below 7563 on weekly basis …now is that statement still valid?

    February 7, 2016
  5. Achu Mon said:

    Well explained with grate presentation Just like Dr,Abdul Kalam Azad
    Great works.
    Thank U

    February 7, 2016
  6. Ranjan said:

    Agree final capitulation is yet to happen .

    February 7, 2016
  7. Dhiraj said:

    Chances of 7200 are more prominent but would be on positive divergence that would propel an upside after making new lows.

    All patterns would be carnaged before bull rally resumes

    February 7, 2016
  8. SM said:

    Hi Bramesh, Which software/website do you use for getting that NIFTY PE chart?

    February 7, 2016
  9. Rajveer said:

    Thank you for the consistent and thorough analysis, I think we will make new lows soon as crossing 7600 has become very difficult, global cues are also not supportive.

    February 7, 2016

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