Nifty Weekly Forecast for 12-16 March

By | March 11, 2018

Last Week we gave Chopad Levels  of 10430Nifty gave multiple entry  for  short  as per Chopad Level in last week and did all 3 target on downside, Awesome  week for Chopad followers. Lets see how we trade nifty in coming week as we approach the crucial time cycle confluence on 15-16 March.

 

Nifty Harmonic

No New Harmonic pattern seen last pattern was a failure.

Nifty Gann Angles

Bulls now need to hold 10150 bounced from the gann angle for a move towards 10441.

Nifty Supply and Demand

Self Explanatory chart..

Nifty Time Analysis Pressure Dates

Nifty As per time analysis 14/16 March is Pressure date , impulsive move can be seen around these dates.

Nifty Weekly Chart

It was negative week, with the Nifty down by 231 points  closing @10226. As discussed in last analysis Coming week we will see the effect 02-04 March time cycle on Monday, Till we are above 10470 we can see fast move towards 10512/10556/10620 on Upside. Bearish below 10425 for a move towards 10370/10301/10220.

All Bearish targets done below 10425. Now for coming week Bulls need a close above 10343  for the upmove towards 10441/10555. Bearish below 10250 for a move back to 10150/10077/10000. 15-16 March again we are getting confluence of time cycle.

Trading Monthly charts

As discussed in last analysis Bulls failed to close above 10531 so we are in Sell on rise market till we do not close above 10630 on Weekly basis.

We saw the effect with a good fall now bulls till are holding 10150 can make one more attempt to close above 10531 for March Series.

Nifty Weekly Chopad Levels

Nifty Trend Deciding Level:10310

Nifty Resistance :10370,10441,10500

Nifty Support :10270,10220,10150

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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