Nifty Weekly Forecast after US air strikes on Syria

By | April 15, 2018

Last Week we gave Chopad level of 10270 Nifty did not touch the chopad level in last week, so no trade was initiated as per chopad levels Lets see how we trade nifty in coming week,as this rally reach 3 week and we are near important level of 10512. .

 

Nifty Harmonic

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

10410 also done now bulls need a close above 10512 for the upmove to continue towards 10600/10636 major supply zone.

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.

10500 also done Now bulls need a close above 10512 for the upmove to continue towards 10600/10656/10715.

Nifty Supply and Demand

Self Explanatory chart..

Nifty Time Analysis Pressure Dates

Nifty As per time analysis 16/19 April is Pressure date , impulsive move can be seen around these dates.

Nifty Weekly Chart

It was positive week, with the Nifty up by 149 points  closing @10481 . As discussed in last analysis 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.

10512 done after anniversary date. Now Bulls need close above 10512 for the upmove to continue towards 10555/10600/105656. Bearish below 10450 for a move back towards 10380/10320.

Trading Monthly charts

As discussed in last analysis  10151 will play crucial role  for April series. Till Bulls are holding it they have upperhand.

We are up 350 points from 10151.

Nifty Weekly Chopad Levels

Nifty Trend Deciding Level:10512

Nifty Resistance :10555,10610,10656

Nifty Support :10460,10410,10356

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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2 thoughts on “Nifty Weekly Forecast after US air strikes on Syria

  1. Kush

    Bramesh, with reference to your Nifty harmonic chart, this is NOT a Bullish formation! It is in fact a bearish AB=CD. However, it gets bearish, if it reaches “D”. But the fact remains that it is not a Bullish AB=CD.

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