Last Week we gave Chopad Levels of 10512, Nifty gave multiple entry for both long and short as per Chopad Level in last week and did all 1 target on both upside and downside, So Average week for Chopad followers. Lets see how we trade nifty in coming week as we have confluence of time cycle on 19 and 22 Feb in Expiry Week.
Till we are holding 10270 bulls can again bounce back and hit the target of 11000/11413
Nifty Gann Angles
Strong support in range of 10425-410 as per gann angle. Break of 10410 and fast fall towards 10320/10250.
Nifty Supply and Demand
Self Explanatory chart..
Nifty Time Analysis Pressure Dates
Nifty As per time analysis 19/22 Feb is Pressure date , impulsive move can be seen around these dates.
Nifty Weekly Chart
It was negative week, with the Nifty down by 2 points closing @10451. As discussed in last analysis Till we are holding 10425 we can see rise towards 10600/10730. Bearish below 10410 for a move towards 10250/10090.
Low made for last week was 10434 so bulls did good job in holding 10425. 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.
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:10425
Nifty Resistance :10495,10555,10620
Nifty Support :10384,10320,10250
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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