Nifty Weekly Forecast for 19-23 September

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 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.


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. 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


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


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.

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  1. Bramesh said:

    Please read daily analysis clearly mentioned..

    September 19, 2016
  2. Rallabando said:

    Let day/positional traders make some money thanks to brahmesh

    September 19, 2016
  3. swanand kulkarni said:

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

    September 18, 2016
  4. TomsVN said:

    hourly chart upper range both values are put same.

    September 18, 2016
  5. Mithun Mehta said:

    Thanks Bramesh .

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

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

    September 18, 2016

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