Nifty Weekly Forecast for April Expiry

By | April 23, 2017

Last Week we gave Chopad Levels  of 9113, It was a dicey week of trading, Nifty gave Short entry on Tuesday after a volatile move and did the target of 9080 by Tuesday. Long for triggered on Thursday did 1 target on Upside. thus rewarding disciplined Chopad  Traders. Lets see how to trade in coming week as we approach the April Expiry. 

Nifty Hourly Chart

As discussed in last analysis    Bulls need to again hold 9113-9130 for  move towards 9268/9312/9368. Bearish below 9100 for a move towards 9020/8969.

Bulls held on the range on 9113 but failed to do the target of 9268. Bears also failed to give any close below 9100. Coming week 9071 will play crucial role holding the same move towards 9212/9268. Bearish below 9070 for a move till 8998.

Nifty Harmonic

Holding 9060-9070 range another upmove towards 9160/9268.

Nifty Gann Angles

Bulls should hold  9100-9130 range  for a the move towards 9312/9468.

Nifty Supply and Demand

Bulls should now hold 9071 in correction  for march towards 9312/9468. Below 9070 for a move towards 9020/8960.

Nifty Gann Date

Nifty As per time analysis 26 April  is Gann Turn date , impulsive move can be seen around these dates.

Nifty Weekly Chart

It was negative week, with the Nifty down by 31 points  closing @9119 and continue to close above the next quadrant as in above chart and closing above 9100. Holding above 9071 we can see move towards 9200/9300. New Time Cycle has started on a voltile note giving wild swing in small range, 24 April is end of cycle and Bulls need to hold 9100 on closing basis for continued uptrend. 26 April very important trend change date.

Trading Monthly charts

Bulls need to hold 8992 on Monthly closing basis for next move towards 9600/10200 in next 6 months.

Nifty Weekly Chopad Levels

Nifty Trend Deciding Level:9140

Nifty Resistance :9200,9268,9336

Nifty Support :9070,9020,8960

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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4 thoughts on “Nifty Weekly Forecast for April Expiry

  1. KT

    Dear Brameshji,

    As per your Weekly Nifty Gann Angles,
    “Bulls should hold 9100-9130 range for a the move towards 9312/9468” – My question is if Nifty goes below 9100 – What whould be the target of that down move as per Gann Angles ??

    Please clearify the doubt

    Regargds

    KT

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