Nifty Outlook and Trend for 10-14 Oct

Last Week we gave Chopad Levels  of 8601, Nifty opened with gap up and made low of 8636 and traders who  initiate trade as per Chopad levels were rewarded as Nifty did high at 8806 near to our 3 target of Chopad level of 8800. We have mentioned  last week crucial price and time square has happened as per gann analysis around 8555 and nifty bounced almost 250 points from that level. So as I always say Price knows everything well in advance.
Lets analyze how to trade nifty in coming week as we have 2 trading holidays coming up.


Nifty Hourly Chart


Now for coming week 8777 is crucial resistance zone and 8555 is support zone, expect 100-150 point move on break of any of the two levels.

Nifty Harmonic

As discussed in last analysis For coming week 8538-8518 is important support zone as Alternate ABCD pattern is getting completed, holding the same we can see bounce back towards 8800.

High made 8806 and nifty corrected back, Now for coming week break of 8656 can see a move towards 8555 break of surgical strike low.


Nifty Gann Angles


As discussed in last analysis  Low made 8555 which is another important Price and time Square, Holding the same we can see move towards 8700-8750.

We got the expected move, as per gann price and time sqaure. As per gann angles 8800 is very strong resistance as shown in above chart, as price in this uptrend were not able to close above this gann angle in last week.  Break of 8656 can see fast move towards 8555 and below that 8450.

Nifty Supply and Demand


Now for coming weeks bulls should hold 8656 holding the same we can see upmove till 8778/8850. Bears will get active below 8656 for target of 8540.

Nifty Gann Date

Nifty As per time analysis 10 Oct  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

Nifty Weekly Chart

weekly-channel It was positive week, with the Nifty up by 86 points  closing @8697  formed inside day pattern again coming above its weekly trendline as shown in above chart  Bulls need Weekly close 8774 for momentum to come in their favor, Unable to close above 8700 for next 2 weeks bears can push nifty towards 8577/8450 range.

Trading Monthly charts


As per monthly chart traders should watch for 8450 level in any correction holding 8450 is very important for the current uptrend from 6825.

Nifty Weekly Chopad Levels

Nifty Trend Deciding Level:8720

Nifty Resistance :8777,8830 ,8888

Nifty Support :8656,8600,8540


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 ignore my typo error it means you can see big move on the given date..

    October 11, 2016
  2. Saurabh said:

    I have been following ur posts since 2 months now..
    Ur statement : Nifty As per time analysis 10 Oct is Gann Turn date , except a impulsive around this dates.
    This is always confusing …
    EXCEPT an impulsive around this date
    EXPECT an impulsive around this date ?

    Sir… Please correct me if i m wrong.

    Ur post is way better than every other site i have visited so far. Perfect predictions with precise analysis.

    Hats off.

    October 11, 2016
  3. V. RAMESH said:

    Only a break of 8756/8776 and close above will give upside tgts. Or else nifty will break 8656 and comedown to 8555 and 8487. You can expect these levels in a week or two. As per Elliott wave, it is bearish only and highly doubtful of these levels of 8656/8776 broken for upside tgts. Be ready for 8555/8487 in a week or two.

    October 9, 2016

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