Nifty continues with its uptrend,Weekly Forecast

Last Week we gave Chopad Levels  of 8387, Nifty gave Long entry on Monday made low of 8407 rewarded  risky Chopad Followers as market did not touch the chopad levels handsomely rewarding them with 3 targets.Lets analyze how to trade in coming week with earning season in major swing


Nifty Hourly Chart

NIFTY - Pyrapoint

Hourly Chart resistance at 8649 and support at 8500.

Nifty Harmonic


As discussed in last analysis Low made 7927, Now if we continue to close above 7927 we can see move towards 8500. 100% target done

Nifty Harmonic

Holding 8434/8450 range nifty can see upmove till 8705 as per ABCD harmonic pattern.

Nifty Gann Angles

gann angles

Self Explanatory Gann Angle chart,Resisting near gann angles before the next move. Bulls needs close above 8577 and bears below 8434 for next move .

Nifty Supply and Demand

Supply Demand_Weekly

Now Bulls need to close above 8544 on Weekly close basis for a target of 8654/8774. Bears will get active below 8295 only.

Nifty Gann Date

Nifty As per time analysis 18/22 July  is Gann Turn date , except a impulsive around this dates.

Nifty Gaps

For Nifty traders who follow gap trading there are 8 trade gaps in the range of  7000-9000, rest all gaps were filled in the last week fall.

  • 7222-7308
  • 7368-7406
  • 7748-7809
  • 7934-7948
  • 8127-8157
  • 8204-8242
  • 8323-8407
  • 8937-8891

Nifty Weekly Chart

NIFTY - Weekly Trendline

It was positive week, with the Nifty up by 218 points  closing @8541.Nifty has been trading in the weekly channel as shown above, Bulls again managed to close above the weekly channel suggesting they are still in play and can play next move towards 8900 as per weekly channel.

Trading Monthly charts

nifty monthly

4 Months of Higher close, BUlls should hold 8434 for market to scale up.

Nifty Weekly Chopad Levels

Nifty Trend Deciding Level:8577

Nifty Resistance :8621,8701 ,8760

Nifty Support :8500,8434,8350


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:

    They are actual lot sizes,

    July 27, 2016
  2. Sandeep said:

    Sir may i ask one question plesae ,the levels in your monthly sheet ,these lot sizes are they arbitary as per our choice of purchasing in futures/equity or they actual lot sizes provided against those stocks. i took some examples and was not able to match them 1:1 ,so wanted to confirm .

    July 24, 2016
  3. V. RAMESH said:

    Like I have mentioned in Bank nifty, Nifty spot faces very stiff resistence at 8617/8621/8628/8654. These are previous monthly and quarterly highs which nifty spot has to cross. But as per Elliott wave analysis, the wave is highly bullish and will cross these lvls after some meaningful correction. Immediate targets are 8744/9119/9269.

    July 17, 2016
  4. Kann said:

    Always rocking & unique delivery by Bramesh…. No one has given this much levels… Even tips seller…

    July 17, 2016

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