Last Week we gave Chopad Levels of 10090, Nifty gave short entry to Chopad Followers on Monday as we made High made was 10088 and did all 3 target on downside making impulsive move on start of new time cycle. Lets see How to trade Nifty in coming week as we approach important time cycle date on 17 Aug.
Nifty Hourly Chart
Bullish above 9801 for a move towards 9856/9930. Bearish below 9770 for a move towards 9700./9630.
Holding 9685-9650 we can start upmove towards 10250-10300.
Nifty Gann Angles
9630-9650 is gann angle support.
Nifty Supply and Demand
Self Explanatory chart..
Nifty Gann Date
Nifty As per time analysis 17 Aug is Gann Turn date , impulsive move can be seen around these dates.
Nifty Weekly Chart
It was negative week, with the Nifty down by 355 points closing @9710,correcting after unable to cross resistance at higher end of AF, Bulls need to close above 9800 for a move towards 9930. Bearish below 9770 for a move towards 9685/9630.
Trading Monthly charts
Bulls now need Weekly close above 10115 for a move towards 10288/10476. Bearish below 10000 for a move towards 9600.
Nifty Weekly Chopad Levels
Nifty Trend Deciding Level:9801
Nifty Resistance :9854,9930,9980
Nifty Support :9730,9685,9630
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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