Lets see how we trade nifty in coming week as we approach the crucial time cycle confluence on 26-28 March and also we have trading holiday on Friday.
9600 is the target for down move till we are trading below 10052.
Nifty Gann Angles
Bears now need to break 9920 for a move towards 9792/9560. Till we are trading below 10100 we can see fall towards 9600.
Nifty Supply and Demand
Self Explanatory chart..
Nifty Time Analysis Pressure Dates
Nifty As per time analysis 26/28 March is Pressure date , impulsive move can be seen around these dates.
Nifty Weekly Chart
It was negative week, with the Nifty down by 197 points closing @9998. Now for coming week bears need a close below 9920 for the downmove towards 9840/9770/9700. Bullish below 10050 for a move back to 10150/102220. 26-28 March again we are getting confluence of time cycle.
Trading Monthly charts
Nifty bears are having filed day from 01 Feb, fall can extend towards 9920/9792/9600.
Nifty Weekly Chopad Levels
Nifty Trend Deciding Level:9940
Nifty Support :9890,9840,9770
Nifty Resistance :10001,10060,10166
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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