Nifty Weekly Forecast for 02-06 April

By | April 1, 2018

Last Week we gave Chopad level of 9940 Nifty made low of 9958 on 26 March our time cycle date and rallied to complete all 3 target. Lets see how we trade nifty in coming week as we start the new financial year.

 

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

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

Nifty Supply and Demand

Self Explanatory chart..

Nifty Time Analysis Pressure Dates

Nifty As per time analysis 01/05 April is Pressure date , impulsive move can be seen around these dates.

Nifty Weekly Chart

It was positive week, with the Nifty up by 115 points  closing @10113. As discussed in last analysis 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.

9920 was not broken and once 10050 was broken on 26 March time cycle date big move was seen and we did all target till 10200. 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.

Trading Monthly charts

 

As per time analysis April is trend change month, 02 April open will play crucial role for whole month.

Nifty Weekly Chopad Levels

Nifty Trend Deciding Level:10210

Nifty Support :10270,10343,10420

Nifty Resistance :10150,10077,10000

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 for 02-06 April

  1. srinivasan

    Nifty Support :10150,10077,10000
    Nifty Resistance :10270,10343,10420
    Levels are changed ?

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