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.
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.
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