Nifty continue the upmove,Weekly Analysis

Last Week we gave Chopad Levels  of 7555 , Nifty gave short entry on Monday and did 2 targets on downside by Wednesday and gave long entry on Friday which gave 1 Target on Upside by Friday.   Lets analyses how to trade nifty next week as we have 2 trading Holidays on Thursday and Friday.


Nifty Hourly Chart

Bounced from 180

As discussed in last week Resistance at 135 comes @7555 closing above it can see move towards 7686/7700. Unable to close above 135 can see downmove till 7406, So 7555 needs to be watched in coming week.

7555 did played a crucial role last week Nifty was unable to close above 135 degree angle convincingly made exact low at 7405 near 180 degree as we discussed last week, and gave a decent bounceback and also able to close above 135 degree on weekly basis so we can see move towards 7686.

Nifty Harmonic


As discussed in last week As per Shark Pattern till we close above 7460 we can see next move till 7590/7695.

7590 done and now heading towards 7695/7780

Nifty Gann Angles

Buy on Dips Gann ANgles

Nifty has been resisting at gann angle as shown above, Close above 7555 can see impulsive move towards 7700.

Nifty Supply and Demand


Weekly close above 7600 of required for next big move towards 7900 in 3-4 weeks.

Nifty Gann Date

Nifty As per time analysis   21/23 March  is Gann Turn date , except a impulsive around this dates. Last week we gave 15/17 March Nifty saw a volatile move.

Nifty Gaps

For Nifty traders who follow gap trading there are 6 trade gaps in the range of  7000-9000, rest all gaps were filled in the last week fall.

  • 7109-7090
  • 7222-7308
  • 7368-7406
  • 7387-7275
  • 7298-7271
  • 8937-8891
  • 8251-8241
  • 8232-8209
  • 8116-8130

Fibonacci technique

Fibonacci Fan

nifty ff

7707/7527/7400/7273  levels to be watched in coming week.

Nifty Weekly Chart

NIFTY - Weekly Trendline

It was positive week, with the Nifty up by 94 points  closing @7604 took support near the middle line of  channel resistance and above its 200 WSMA, but need to close above 20 WSMA for 7613, High made was 7613 for current week, Close above it will add more firepower for bulls.

Trading Monthly charts

nifty monthly

Monthly chart bounced from 38.2% support and facing resistance at 50%.

Nifty PE


Nifty PE @20.27

Nifty Weekly Chopad Levels

Nifty Trend Deciding Level:7636

Nifty Resistance :7686,7749,7840

Nifty Support :7560,7480,7400


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. Bramesh said:

    yes can see towards 7800/7859

    March 22, 2016
  2. Ahim said:

    Do we see move up after it closes above 7700

    March 21, 2016
  3. Bramesh said:

    Dear Sir,

    I have already replied to it many times.


    March 21, 2016
  4. Jugal magan said:

    Sir I have been asking long to expain about chopad levels. If it is possible I will be highly obliged.

    March 21, 2016
  5. Bramesh said:

    Its done and target also completed

    March 21, 2016
  6. PMW said:

    It seems it has formed Inverted H and S.

    March 20, 2016
  7. shiva said:

    Thank you very much sir…..

    March 20, 2016
  8. Karn said:

    Sirji thanks for ur precious analysis i want to know about black swan target for nifty it has completed that or it has to be complete on down side

    March 20, 2016

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