Nifty Weekly Forecast for 05-09 Feb

By | February 4, 2018

Last Week we gave Chopad Levels  of 11111,  Nifty gave Long Entry as per Chopad Level on Monday  rewarded  did 1 Targets on upside, shorts were triggered on Tuesday another opportunity came on Budget day as High made was 11117 and did all 3 target on downside and missed the last target of 10700 as low made was 10736, Awesome week for Chopad followers. Also Nifty made the exact High of 11171 on 29 Jan on our time cycle date. Let see how Nifty behaves on another minor time cycle date 05 Feb.

 

Nifty Harmonic

 

Till we are holding 10600 bulls can again bounce back and hit the target of 11332.

Nifty Gann Angles

Strong support in range of 10425-10450 as per gann angle.

Nifty Supply and Demand

Self Explanatory chart..

Nifty Time Analysis Pressure Dates

Nifty As per time analysis 05 Feb/09 Feb is Pressure date , impulsive move can be seen around these dates.

Nifty Weekly Chart

It was negative week, with the Nifty down by 309 points  closing @10716. As discussed in last analysis  Now Bulls need a close above 11100 for a move towards 11232/11376/11520. Bearish below 10992 for a move towards 10830/10770.

Bearish bet paid off, We have important time cycle date on 05 Feb, Bulls need a close above 10730 for a move back towards 10888. Bearish below 10700 for a move towards 10622/10556.

Trading Monthly charts

As discussed in last analysis Bulls now need to hold 10531 range in Feb month for bull run to continue.

Nifty Weekly Chopad Levels

Nifty Trend Deciding Level:10730

Nifty Resistance :10800,10876,10944

Nifty Support :10666,10610,10512

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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