Last Week we gave Chopad Levels of 10425, Nifty gave multiple entry for both long and short as per Chopad Level in last week and did all 2 target on downside and 1 target on upside, Awesome week for Chopad followers. Lets see how we trade nifty in coming week as we approach the monthly closing.
Till we are holding 10270 bulls can again bounce back and hit the target of 11000/11413
Nifty Gann Angles
As discussed in last analysis Strong support in range of 10425-410 as per gann angle. Break of 10410 and fast fall towards 10320/10250.
10320 done and also held the gann angle on closing basis. Bulls now need to hold 10300 for a move towards 10620/10730.
Nifty Supply and Demand
Self Explanatory chart..
Nifty Time Analysis Pressure Dates
Nifty As per time analysis 26/28 Feb is Pressure date , impulsive move can be seen around these dates.
Nifty Weekly Chart
It was positive week, with the Nifty up by 38 points closing @10491. As discussed in last analysis For coming week we have confluence of time cycle on 19/22 Feb so bulls need to hold 10425 for a move back towards 10512/10600. Bearish below 10410 for a move towards 10320/10250.
10320 done also bottom made on time cycle date of 19 Feb. Now for coming week bulls need to break 10512 for up move towards 10620/10730. Bearish below 10430 for a move towards 10370/10320.
Trading Monthly charts
As discussed in last analysis Bulls now need to close above 10531 range in Feb month for bull run to continue.
Nifty Weekly Chopad Levels
Nifty Trend Deciding Level:10512
Nifty Resistance :10570,10620,10700
Nifty Support :10450,10370,10320
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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