RBI’s Policy impacts on Nifty,Weekly Analysis

By | November 27, 2016

Last Week we gave Chopad Levels  of 8100, Nifty gave short entry on Monday  and did the 2 target on downside and missed the 3 target of 7896 by 20 points as low made was 7916 so disciplined Chopad Followers were rewarded again by Market.  Lets analyze how to trade nifty in coming week as RBI increased CRR rate by 100 BPS.

Nifty Hourly Chart

nifty-hourly

As discussed in last analysis   8048 done now close below 8039 can see fast move towards 7972/7927/7888. Bullish on close above 8100 for a fast move towards 8151//8222/8300

Low made was 7916 so nifty did target of 7927 below 8039. Coming week 8100 will play crucial role above which nifty can see bounce till 8175/8220.

Nifty Harmonic

Nifty is forming a ABCD pattern target comes at 8175.

alternate-abcd

Nifty Gann Angles

gann-angles

As discussed in last analysis  Now as per gann angles holding 8039 range we can see bounce till 8151/8300/8434 , Below 8039 fast fall till 7800.

Low made was 7916 and nifty took support at gann angles as shown in above chart, Coming week close above 8130 can see move towards 8220/8300

Nifty Supply and Demand

supply-demand_weekly

As discussed in last analysis Bulls will be under pressure till we do not have weekly close above 8295. Till we do not close above 8295 move towards 7927 possible.

Low made 7916 and bounced back and heading towards 8295.

 

Nifty Gann Date

Nifty As per time analysis 28/30  Nov  is Gann Turn date , except a impulsive around this dates.

Nifty Weekly Chart

nifty-weekly-timeline

 It was positive week, with the Nifty up by 40 points  closing @8114  taking support at the lower channel forming a hammer candlestick pattern signalling reversal if we close above 8150 in coming week.Holding the low of 7916 NIfty can bounce back towards 8434/8500 as we are in new time cycle from 26 Nov till 14 Dec.

 

Trading Monthly charts

nifty-monthly

As per monthly chart traders should watch for 8450 level in any correction holding 8450 is very important for the current uptrend from 6825. Finally 8450 is broken, Bulls are under pressure till we do not close above 8300.

Nifty Weekly Chopad Levels

Nifty Trend Deciding Level:8071

Nifty Resistance :8151,8222,8290

Nifty Support :8020,7972,7900

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 “RBI’s Policy impacts on Nifty,Weekly Analysis

  1. Bramesh Post author

    Its a complex formulae we use to calculate Chopad level..

  2. Makarand

    Bramesh, You are doing superb Job by giving so much insight on Nifty. Good to see most of the time you are close to perfect !!!

  3. vicky

    sir how do u calculate chopad levels ?? is it weekly Vwap or weekly pivot ??

Leave a Reply