Last Week we gave Chopad Levels of 10601, Nifty gave Long Entry as per Chopad Level on Monday as Low made was 10591 rewarded Chopad Followers as it did 1 Targets on upside so average week for Chopad followers. Nifty for the whole week did not close below chopad level of 10601.Lets see How to trade Nifty in coming week as we kick start the earning season.
We are forming a bullish ABCD pattern with PRZ zone coming around 10770, Bulls need to continue holding 10600 for a move towards for 10720/10772.
Nifty Gann Angles
Approaching the higher end of gann angle at 10800-814.
Nifty Supply and Demand
Self Explanatory chart..
Nifty Time Analysis Pressure Dates
Nifty As per time analysis 18/20 Jan is Pressure date , impulsive move can be seen around these dates.
Nifty Weekly Chart
It was positive week, with the Nifty up by 122 points closing @10681. As discussed in last analysis 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.
10660 done and till we are holding 10600 we are heading towards 10740/10814. Bearish below 10570 for a move towards 10510/10450.
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:10701
Nifty Resistance :10760,10814,10901
Nifty Support :10650,10570,10500
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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