Last Week we gave Chopad level of 10600 Nifty gave multiple long /short entry and gave 1 Target on downside and 2 on upside before hitting 2 time stoploss so an average week for chopad followers. Lets see how we trade nifty in coming week,as we Monthly close and also trading holiday on 01 May .
As discussed in last analysis now bulls need to close above 10610 for the upmove continue towards 10666/10730.
10720 also done and now bulls need to hold 10666 for upmove to continue towards 10777/10840.
Nifty Gann Angles
As discussed in last analysis Now bulls need close above 10610 for a upmove towards 10730/10800.
10720 done now bulls heading towards 10800-832 zone where gann angle resistance lies.
Nifty Supply and Demand
Self Explanatory chart..
Nifty Time Analysis Pressure Dates
Nifty As per time analysis 30 April/04 May is Pressure date , impulsive move can be seen around these dates.
Nifty Weekly Chart
It was positive week, with the Nifty up by 83 points closing @10564 .As discussed in last analysis Now bulls need a close above 10610 for a move towards 10666/10730/10800. Bearish below 10512 for a move towards 10480/10420.
10720 done, Bull need to hold 10666 for the upmove to continue towards 10777-10832. Bearish below 10630 for a move back to 10580/10530.
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 450 points from 10151.
Nifty Weekly Chopad Levels
Nifty Trend Deciding Level:10720
Nifty Resistance :10768,10830,10888
Nifty Support :10640,10580,10520
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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