Will Nifty be 3 time Lucky with close above 9000,Weekly Forecast

By | February 26, 2017

Last Week we gave Chopad Levels  of 8840, Nifty gave Long Entry  on Monday and did 2 target on Upside. Lets Analyze how to trade Nifty as we start the new time cycle from 27 Feb-07 march.

Nifty Hourly Chart

Hourly chart keep bouncing from the channel bottom and fall from channel top happened in 2 instances in last 2 weeks as shown in above chart ,Now Bulls need a close above 9000 for a move towards 9050/9120/9200, Bears will get active below 8850 for a move towards 8800/8720.

Nifty Harmonic

As discussed in last analysis Now coming week Holding 8750 next move towards 8975.

High made 8982 so target done,Coming week holding 8850 nifty target come towards 9095.

Nifty Gann Angles

As discussed in last analysis  As per gann angle current move can  extend towards  8957/9119 as soon as 8840 is broken.

8957 done now coming towards 9120/9220/9300 as per gann angles in next 3-4 weeks.

Nifty Supply and Demand

As discussed in last analysis  Bulls finally closed above 8773 opening the way towards 8969/9119. Bulls need weekly close above 8840 for this happen.

8969 done now waiting for 9119, 8773 played very crucial role in last 2 weeks.

Nifty Gann Date

Nifty As per time analysis 27 Feb/03 March  is Gann Turn date , impulsive move can be seen around these dates.

Nifty Weekly Chart

It was positive week, with the Nifty up by 117 points  closing @8939 bouncing from support at the lower end of  channel from last 2 weeks and closing  well above it as shown in above chart . As discussed in last analysis  Nifty has closed above the Weekly resistance  8775 as per AF chart and above it rally till 8969/9200. Bearish below 8700 for a move till 8600/8555. We have new time cycle starting from 13 Feb-24 Feb With important trend change date being 13/15/20 Feb

Last cycle turned out to be another bullish cycle, We are starting new time cycle from 27 Feb-07 March with traders should look at 8850 on downside for a bearish move and 8980 on upside for bullish move.

Trading Monthly charts

Monthly chart should hold 8295 for Bulls to rule in next 6 months. Till 8295 Held on Monthly chart Bullish move to continue.

Nifty Weekly Chopad Levels

Nifty Trend Deciding Level:8936

Nifty Resistance :9001,9080,9150

Nifty Support :8878,8830,8750

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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5 thoughts on “Will Nifty be 3 time Lucky with close above 9000,Weekly Forecast

  1. Bramesh Post author

    Dear Priyank,

    It was meant to be 8720 and it has been corrected. Inconvenience caused is regretted..

  2. Priyank Nevatia

    Hourly chart keep bouncing from the channel bottom and fall from channel top happened in 2 instances in last 2 weeks as shown in above chart ,Now Bulls need a close above 9000 for a move towards 9050/9120/9200, Bears will get active below 8850 for a move towards 8800/7920

    Sir I would like to clarify you have mentioned that bears will get active below 8850 for a move towards 8800 / 7920. Did you mean 7920 NS or is that a typo and you meant 8720 ? Cause a range of 8800 to 7920 seems to be a huge range for Nifty after breaking 8850.

    Dont mean to offend you. Just wanted to clarify for my understanding.

  3. abibala

    “Bears will get active below 8850 for a move towards 8800/7920” here 7920 is correct or it is 8720. pls check it sir. thank u.

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