Nifty Weekly Forecast for 21-24 Aug

By | August 20, 2017

Last Week we gave Chopad Levels  of 9801,  Nifty gave Long entry to Chopad Followers on Wednesday Low made  9773 and did 2 target on Upside and making top of 9947 on important  time cycle date on 17 Aug.  Lets see How to trade Nifty in coming week as we approach important  time cycle date on 21-22 Aug.We have trading holiday on 25 Aug

Nifty Hourly Chart

Bullish above 9854 for a move towards 9929/10000. Bearish below 9770 for a move towards 9700/9630.

Nifty Harmonic

 

Holding 9782-9800 we can start upmove towards 10050

Nifty Gann Angles

9630-9650 is gann angle support. Impulsive selling below that only towards 9450.

Nifty Supply and Demand

Break of 9772 can see strong move towards 9656/9448. Bullish above 9950 only.

Nifty Time Analysis Pressure Dates

Nifty As per time analysis 21-22-25 Aug is Gann Turn date , impulsive move can be seen around these dates.

Nifty Weekly Chart

It was positive week, with the Nifty up by 126 points  closing @9837,correcting after unable to cross resistance at higher end of AF,  Bulls need to close above 9911 for a move towards 10025/10090. Bearish below 9770 for a move towards 9685/9630. Next Week is very crucial as several time cycle data are coming and also the existing time cycle of 07 Aug-24 Aug is coming to an end.

 

Trading Monthly charts

Bulls now need Weekly close above 10115 for a move towards 10288/10476. Bearish below 10000 for a move towards 9600. Bearish till we do not achieve 9600/9450

Nifty Weekly Chopad Levels

Nifty Trend Deciding Level:9846

Nifty Resistance :9911,9970,10025

Nifty Support :9773,9685,9600

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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