Last Week we gave Chopad Levels of 9846, Nifty gave Entry as per Chopad Level Tuesday as low made was 9831 and closed at 9856 and low made on time cycle date 04 Oct was 9850, Chopad Followers were rewarded handsomely as Nifty did 2 target on upside. Lets see How to trade Nifty in coming week. Hope readers are getting benefited with the time cycle analysis.
As discussed in last analysis 9875 is PRZ zone, close above it we can see rally towards 9930/10030.
9930 done waiting for higher targets till 9875 is held we can see move towards 10100/10236.
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.
9930 done waiting for higher targets.
Nifty Supply and Demand
Self Explanatory chart..
Nifty Time Analysis Pressure Dates
Nifty As per time analysis 11 Oct is Pressure date , impulsive move can be seen around these dates.
Nifty Weekly Chart
It was positive week, with the Nifty up by 191 points closing @9879. As discussed in last analysis Now till 9770 is held bulls can move towards 9930-9950 which is major resistance zone. Bullish above that for a new high towards 10236. Bearish below 9750 for a move till 9685/9610/9448. 04 Oct which is RBI day is also a Time cycle date so expect a bombastic move.
9850 Low made on 04 Oct and we saw a 150 points rally from that point, Also we did 9930 holding 9770, 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.
Trading Monthly charts
10100 is playing an important resistance zone on Monthly chart, as nifty is unable to give a Monthly closing above it.
Nifty Weekly Chopad Levels
Nifty Trend Deciding Level:9976
Nifty Resistance :10040,10090,10155
Nifty Support :9930,9875,9801
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