Nifty Weekly Outlook for April Expiry

By | April 22, 2018

Last Week we gave Chopad level of 10512 Nifty gave long entry and gave 1 Target,and missed the final target 10610 as high made was 10594. Lets see how we trade nifty in coming week,as we approach the expiry week, also important time cycle date as 23 April .

 

Nifty Harmonic

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

Above 10512 10600 done now bulls need to close above 10610 for the upmove continue towards 10666/10730.

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.

Now bulls need close above 10610 for a upmove towards 10730/10800.

Nifty Supply and Demand

Self Explanatory chart..

Nifty Time Analysis Pressure Dates

Nifty As per time analysis 23/26 April 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 close above 10512 for the upmove to continue towards 10555/10600/105656. Bearish below 10450 for a move back towards 10380/10320.

Now bulls need a close above 10610 for a move towards 10666/10730/10800. Bearish below 10512 for a move towards 10480/10420.

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:10600

Nifty Resistance :10656,10720,10800

Nifty Support :10555,10495,10440

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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