Last Week we gave Chopad Levels of 8910, Nifty close above the chopad level on Monday giving Long entry to Chopad Followers and did all 1 target by Wednesday. Short also got triggered on Friday and did 1 target on downside. Lets analyze how to trade nifty in coming week.
Nifty Hourly Chart
Nifty did the breakout target as shown in above chart. Now bulls need to hold range of 8760-8780 for the bullish move to continue. Bears need to break 8750 for a move towards 8577/8520.
Nifty Harmonic
Nifty did the ABCD pattern target, No harmonic formation was seen for coming week.
Nifty Gann Angles
Price and time square can happen if we come towards 8760-8780 range in coming week, which will lead towards another big move of 200-300 points. Coming week very crucial as per gann analysis.
Nifty Supply and Demand
Now for coming weeks bulls should hold 8774 for a move towards all time high of 9119.
Nifty Gann Date
Nifty As per time analysis 12/16 Sep 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
- 8607-8642
- 8937-8891
Nifty Weekly Chart
It was positive week, with the Nifty up by 57 points closing @8866 forming gravestone DOJI pattern, which is a reversal pattern if we get follow up downmove in coming week. Bulls and bears will fight of 8760-8780 range, close below this can see nifty moving towards 8670/8577. Holding the same a move towards 9000/9120.
Trading Monthly charts
6 Months of Higher close, Bulls should hold 8670 on Monthly basis for next target of 9120
Nifty Weekly Chopad Levels
Nifty Trend Deciding Level:8820
Nifty Resistance :8888,8940 ,9001
Nifty Support :8760,8700,8620
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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