What’s in store for Nifty in upcoming truncated Diwali week?

By | October 15, 2017

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.

 

Nifty Harmonic

 

 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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