Nifty Weekly Technical outlook for Pre-Diwali week

By | October 8, 2017

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.

 

Nifty Harmonic

 

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.

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