Nifty Technical Outlook and Time Cycle Dates for 2018

By | December 30, 2017 5:16 pm

Wishing Dear Readers a very very happy and prosperous and profitable new Year.

Traders New Year’s Resolutions for 2018

2017 year started with a rally after forming a bottom at 7893 on 26 Dec 2016 @7893 when both Gann Price and Time Squaring happened. Nifty staged a spectacular rally all the way till 10552. Its was the year where nifty never had correction of  more than 2% on Closing basis, happened first time in Nifty trading history  Nifty clocking a gain of 22 % in 2017 best year we had after 2009. We can consider 2017 as year of breakout, Expect some consolidation and lot of volatility in coming year. Monthly and Yearly chart of Nifty with time cycle are shown below.

Yearly Chart

Yearly chart have formed an Bullish Engulfing candlestick. Keep a Close eye on 01 Jan Opening level, and High formed on 31 Jan, they will decide the further trend of market.

Nifty bulls did a breakout after last 2 years of consolidation. Bulls should hold 10033 on Monthly closing basis for uptrend to continue  and Bears should see Close below 10000 for some serious correction which they have been waiting for last 1 year 🙂

Monthly Gann Chart

Monthly Chart with Gann Angles is shown Trend Continuation 11300-11500 where next major resistance lies,Closing above it can see fast rally towards 12000. Breakdown below 10090  for a move till 9448/9119/8600

Monthly Chart with Supply and Demand Zone

Yearly Trend Change Level: 10562

Yearly Resistance Level : 10813,11615,12157

Yearly Support Level : 10100,9559,9119

 

Important Dates as per Time Analysis :

Last Year Time Cycle dates can be seen here

Below dates can see Trend Change in Market.

01-01-2018

03-01-2018

25-01-2018

06-02-2018

16-02-2018

01-03-2018

16-03-2018

25-03-2018

04-04-2018

21-04-2018

07-05-2018

25-05-2018

17-06-2018

05-07-2018

10-08-2018

26-08-2018

17-09-2018

10-10-2018

28-10-2018

06-11-2018

18-11-2018

02-12-2018

18-12-2018

 

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Category: Daily

About Bramesh

Bramesh Bhandari has been actively trading the Indian Stock Markets since over 15+ Years. His primary strategies are his interpretations and applications of Gann And Astro Methodologies developed over the past decade.

9 thoughts on “Nifty Technical Outlook and Time Cycle Dates for 2018

  1. raokv

    All your Dates are off by 2/3 days. Other Gann trainers are able to give exact dates like 21Sept, 29th Jan etc.
    Why is it So?

    Reply
    1. Bramesh Post author

      As we foretasted 1 year before so +-1 days is expected one. When you are seeing 2-3 days difference its basically due to market holiday like 02-Dec was holiday so effect seen on 03 Dec as we made top.. Having said that there is always room for improvement and we will work on that

      Reply
  2. Kabir H Master

    Kindly advise if you teach Gann in Theory & Practicals. I would be delighted to participate in the learning. Kindly respond on my email id. thank you in advance.

    Reply

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