Last Week we gave Chopad Levels of 10545, Nifty gave Short Entry as per Chopad Level on Monday as High made was 10538 rewarded Chopad Followers as it did 2 Targets on downside so Good week for Chopad followers. Top made for the week was exactly on Time Cycle Turn date of 01 Jan .Lets see How to trade Nifty in coming week as we approach new Life high and also important time cycle date of 11 Jan.
We are forming a bullish ABCD pattern with PRZ zone coming around 10770, Bulls need to close above 10570 for a move towards for 10660/10720/10772.
Nifty Gann Angles
Trading in between gann angles on Weekly Time Frame,
Nifty Supply and Demand
Self Explanatory chart..
Nifty Time Analysis Pressure Dates
Nifty As per time analysis 08/11 Jan is Pressure date , impulsive move can be seen around these dates.
Nifty Weekly Chart
It was positive week, with the Nifty up by 28 points closing @10558. As discussed in last analysis Coming week 01/03 Jan is important time cycle turn date. Bulls need a close above 10570 for a breakout for a move towards 10660/10725. Bearish below 10470 for a move towards 10420/10350.
10470 was broken and bears did 10420, High made of last week was 10566 so still 10570 is not broken. Coming week 11 Jan is important time cycle turn date. Bulls need a close above 10570 for a breakout for a move towards 10660/10725. Bearish below 10470 for a move towards 10410/10350.
Trading Monthly charts
Nifty Bulls held to 10300 on Monthly and Yearly closing basis. 10300 will play crucial role in Jan month.
Nifty Weekly Chopad Levels
Nifty Trend Deciding Level:10601
Nifty Resistance :10671,10750,10820
Nifty Support :10520,10455,10410
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