Nifty Weekly Forecast for 08-12 Jan

By | January 7, 2018

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.

Nifty Harmonic

 

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.

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