Nifty Weekly Forecast as we Approach Anniversary Date of 12 April

By | April 8, 2018

Last Week we gave Chopad level of 10210 Nifty closed on 10211 on 02 April and went up to hit target of 10270, Shorts were triggered on 04 April did 1 target on downside, Long were again triggred on 05 April and did 2 target on upside so were had a roller coaster ride last week. 05 April our time cycle date nifty formed bottom and rallied . Lets see how we trade nifty in coming week as we have confluence of time cycle date on 12-13 April, Also we have Aniversary date on 12 April so exciting time in coming week.

 

Nifty Harmonic

Nifty is forming a bullish abcd patter with target as mentioned. Bulls need close above 10239 for upmove to continue towards 10410.

Nifty Gann Angles

As discussed in last analysis Bulls were finally able to hold gann angle and also protected 9920, now till holding 9951 we can continue rally towards 10300-10500.

10300 done now waiting for 10500 levels holding 10220.

Nifty Supply and Demand

Self Explanatory chart..

Nifty Time Analysis Pressure Dates

Nifty As per time analysis 12/13 April is Pressure date , impulsive move can be seen around these dates.

Nifty Weekly Chart

It was positive week, with the Nifty up by 217 points  closing @10332. As discussed in last analysis . Coming week bulls need close above 10222 for the up move to continue till 10300/10410. Bearish below 10077 for the move towards 10000/9951.

10300 done and now till we are holding 10227 bulls can continue up move towards 10410/10470/10512. Bearish below 10220 for move towards 10150/10100. 12 April is anniversary date so high and low of 12 April very important.

Trading Monthly charts

 

10151 will play crucial role  for April series. Till Bulls are holding it they have upperhand.

Nifty Weekly Chopad Levels

Nifty Trend Deciding Level:10270

Nifty Resistance :10343,10410,10470

Nifty Support :10220,10150,10100

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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4 thoughts on “Nifty Weekly Forecast as we Approach Anniversary Date of 12 April

  1. Amar

    Hi – can you tell which Anniversary date is on 12th Apr…thanks!

  2. Pramod Dhangar

    sir 12th April anniversary date of what ?

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