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.
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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