Nifty Weekly Forecast for 04-08 Sep

By | September 3, 2017

Last Week we gave Chopad Levels  of 9870,  Nifty gave Short entry to Chopad Followers on Tuesday  did 1 target on downside, Long were triggered on Wednesday did target 2 on upside. Lets see How to trade Nifty in coming week as current time cycle comes to an end on 08 September.

Nifty Hourly Chart

Bullish above 10000 for a move towards 10090/10180. Bearish below 9880 for a move towards 9810/9700/9630.

Nifty Harmonic

 

Gartley Pattern of last week did the target, Now ABCD pattern PRZ Zone is in range of 10030-10040 so this range we need to be cautious, if unable to close above this range we can see correction back till 9800.

Nifty Gann Angles

9685 is gann angle support. Impulsive selling below that only towards 9450.Till 9685 is held we can move towards 10000/10265.

Nifty Supply and Demand

Holding 9949 can see strong move towards 10137/10235.

Nifty Time Analysis Pressure Dates

Nifty As per time analysis 04/08 Sep 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 @9974 ,still unable to cross resistance at higher end of AF,  Bulls need to close above 10000 for a move towards 10090/10157. Bearish below 9880 for a move towards 9750/9685/9630.

 

Trading Monthly charts

Bulls now need Weekly close above 10115 for a move towards 10288/10476. Bearish below 9900 for a move towards 9600/9450.

Nifty Weekly Chopad Levels

Nifty Trend Deciding Level:9999

Nifty Resistance :10050,10110,10186

Nifty Support :9930,9848,9770

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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