Nifty Weekly Forecast for 30 Oct-04 Nov

By | October 29, 2017

Last Week we gave Chopad Levels  of 10171,  Nifty gave Short Entry as per Chopad Level Monday but was stopped out, Longs were triggered at closing was at 10184 and did all 3 Targets on upside, so good week for Chopad followers after Diwali. Lets see How to trade Nifty in week.

 

Nifty Harmonic

 

 As discussed in last analysis As per ABCD pattern rally can extend towards 10374 holding 10100.High made 10251 is crucial and is PRZ zone for shark pattern, close below 10100 will give more fuel to this pattern and will also invalidate the ABCD pattern.

Low made was 10124 and rallied towards 10366 and now waiting for 10410 to come. SO ABCD pattern not invalidated and 10360 done now till 10240 is held we can see rally till 10530-10560.

Nifty Gann Angles

 As discussed in last analysis 10236 also done, Now bulls should held 10100 for next round of move towards 10410/10570.

Low made was 10124 and rallied towards 10366 and now waiting for 10410 to come.

Nifty Supply and Demand

Self Explanatory chart..

Nifty Time Analysis Pressure Dates

Nifty As per time analysis 31 Oct /02 Nov is Pressure date , impulsive move can be seen around these dates.

Nifty Weekly Chart

It was positive week, with the Nifty up by 176  points  closing @10323  As discussed in last analysis Next week as new time cycle is starting from 23 Oct so we can see one of the range breaking.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.

Nifty made low on 19 Oct and rallied all the way 10355 doing our target. Now for coming week till we are holding 10301 bulls can rally till 10420/10464/10520. Bearish below 10240 for a move till 10150/10090.

Trading Monthly charts

10100 is playing an important resistance zone on Monthly chart, Nifty finally closed above it now we need monthly closing above 10300 for next move towards 10576-10600.

Nifty Weekly Chopad Levels

Nifty Trend Deciding Level:10355

Nifty Resistance :10410,10464,10512

Nifty Support :10301,10255,10190

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

3 thoughts on “Nifty Weekly Forecast for 30 Oct-04 Nov

  1. L Balasubramanian

    New time cycle – I keeping reading about time cycle. Your analysis is really working. Can I know more about the time cycle. Is there is any specific materials to study to follow time cycle while trading.

  2. Trigunanand Jha

    Sir,
    Namastey,
    31 Oct/02 Nov is pressure date, impulsive move is expected…could not understand..please send some link to understand it permanently..
    Grateful to you Sir.

Leave a Reply