Last Week we gave Chopad Levels of 9976, Nifty gave Entry as per Chopad Level Monday as low made was 9959 and closed at 9988 another opportunity came on our time cycle date 11 Oct, Chopad Followers were rewarded handsomely as Nifty did all 3 target on upside and also made a new all time high. Lets see How to trade Nifty in coming Diwali week. Hope readers are getting benefited with the time cycle analysis. The upcoming week shall be a truncated one, owing to the two-day Diwali break on October 19 and October 20.
As discussed in last analysis 9930 done waiting for higher targets till 9875 is held we can see move towards 10100/10236.
Now As per ABCD pattern rally can extend towards 10374 holding 10100.
Nifty Gann Angles
As discussed in last analysis Nifty made exact stop at gann angle before bouncing back, Now bearish below 9685 only if held rally back till 9930/10090/10170/10236.
10170 done waiting for higher targets.
Nifty Supply and Demand
Self Explanatory chart..
Nifty Time Analysis Pressure Dates
Nifty As per time analysis 18 Oct is Pressure date , impulsive move can be seen around these dates.
Nifty Weekly Chart
It was positive week, with the Nifty up by 187 points closing @10167 As discussed in last analysis For coming week till bulls are able to hold 9930 bullish move can continue towards 10090/10171/10236. 11 Oct is important trend change date. Bearish below 9875 for a move towards 9930. 9930-9875 is neutral zone.
Low made was 9956 on 11 Oct than the dream run started towards the new all time high. Bulls need weekly close above 10201 for next rally towards 10355/10400. Bearish below 10090 for a move towards 10000/9930. 18 Oct is another important trend change date.
Trading Monthly charts
10100 is playing an important resistance zone on Monthly chart, Nifty finally closed above it now we need monthly closing above 10100 for next move towards 10576-10600.
Nifty Weekly Chopad Levels
Nifty Trend Deciding Level:10201
Nifty Resistance :10250,10301,10355
Nifty Support :100140,10090,10000
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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