Nifty Weekly Forecast for 07-11 May

By | May 6, 2018

Last Week we gave Chopad level of 10720 Nifty gave both long /short entry and gave 1 Target on both upside/ downside so an average week for chopad followers. Lets see how we trade nifty in coming week,as we have important trend change date of 06 May showing effect.

 

Nifty Harmonic

Bulls need to hold 10610 for upmove to continue towards 10777/10840.

Nifty Gann Angles

 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 06/11 May is Pressure date , impulsive move can be seen around these dates.

Nifty Weekly Chart

It was negative week, with the Nifty down by 74 points  closing @10618 .As discussed in last analysis   Bull need to hold 10666 for the upmove to continue towards 10777-10832. Bearish below 10630 for a move back to 10580/10530.

10784 done above 10666. For coming week as 06 May is important trend change effect will be seen on Monday, Bullish above 10640 for a move back to 10700/10777/10830. Bearish below 10610 for a move back to 10555/10480.

Trading Monthly charts

Bulls will get upperhand above 10785 for May Series.

Nifty Weekly Chopad Levels

Nifty Trend Deciding Level:10640

Nifty Resistance :10700,10777,10850

Nifty Support :10599,10550,10480

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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