Nifty Weekly Forecast for 19-23 September

By | September 18, 2016

Last Week we gave Chopad Levels  of 8910, Nifty opened with gap down, hence not giving any opportunity to enter trade, Longs got triggred on Friday but did not achieved the target, Shorts triggered on Friday below 8820 did the first target of 8760. Lets analyze how to trade nifty in coming  week.  We salute all those martyred in Uri. Their service to the nation will always be remembered. Our  thoughts are with the bereaved families.


Nifty Hourly Chart

nifty-hourly

Nifty is again forming a triangle pattern which is 253 point range, Bulls will get active above 8870 for traget of 9000/9100. Bears below 8688 can push nifty down till 8476/8500.

Nifty Harmonic

Unable to close above 8850 Nifty can see correction till 8600 as per Gartley pattern.

gartley-nifty

Nifty Gann Angles

price-and-time-swaure-12-sep

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

supply-demand_weekly

Now for coming weeks bulls should hold 8774 for a move towards all time high of 9119. Bears below 8728 can move towards 8540.

Nifty Gann Date

Nifty As per time analysis 19/23 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

weekly-channel

It was negative week, with the Nifty down by 86 points  closing @8779  unable to do the follow up of gravestone DOJI pattern formed last week, but we are not still out of woods. Bulls need close above 8850-8870 range and  above 8970 to nullify the effect of bearish setup. Bears will get active on close below 8700 for target of 8620/8577.As per time analysis expect trending move in coming week.

Trading Monthly charts

nifty-monthly

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:8777

Nifty Resistance :8855,8930 ,9001

Nifty Support :8700,8620,8540

 

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.

Want to see post in your Inbox,Register by adding your email id in Post in your Inbox section

Follow on Facebook during Market Hours:  https://www.facebook.com/pages/Brameshs-Tech/140117182685863

Follow on Twitter  during Market Hours:  https://twitter.com/brahmesh

5 thoughts on “Nifty Weekly Forecast for 19-23 September

  1. Rallabando

    Let day/positional traders make some money thanks to brahmesh

  2. swanand kulkarni

    Sir, As you said about price time sq. can happen if Nifty remain in the range of 8770 to 8780.as per Gann analysis.
    Request to elaborate which side will be big move. We can see correction by 200 to 300 pts

  3. Mithun Mehta

    Thanks Bramesh .

    We all will be always thanks full your excellent knowledge sharing and analysis.

    But this thanks is for new web version.it really looks great and simple.

Leave a Reply