NIfty Weekly Forecast for May Expiry

By | May 27, 2018

Last Week we gave Chopad level of 10555 Nifty gave Short entry on 21 May and did 2 target on downside, Long taken on 25 May  and gave 1 Target on  upside  so an excellent week for chopad followers.  Lets see how we trade nifty in coming week,as we Approach the May Expiry.

 

Nifty Harmonic

As discussed in last analysis Bears can fall towards 10420/10321 till we close below 10666.

10420 done. Now once above 10610 bulls can do 10666/10730/10800

Nifty Gann Angles

As discussed in last analysis Now till we do not close above 10920 bears can break index towards 10512/10410/10360/10270/10212.

10420 done. Now once above 10610 bulls can do 10666/10730/10800

Planetary Cycles and Nifty Movements

As discussed in last analysis 10500-512 is important support zone closing below 10500 can see fall towards 10410/10360/10270/10212.

10420 done. Now once above 10610 bulls can do 10666/10730/10800 as per planetary lines we were able to capture bottom.

Nifty Supply and Demand

Self Explanatory chart..

Nifty Time Analysis Pressure Dates

Nifty As per time analysis 28/31 May is Pressure date , impulsive move can be seen around these dates.

Nifty Weekly Chart

It was negative week, with the Nifty up by 8 points  closing @10604 .As discussed in last analysis Now bear need to break 10555 for the move to continue towards 10512/10461/10410. Bullish above 10666 for a move back to 10720/10777.

10417 done as we took support at gann angle, Now bulls need to close above 10610 for a move towards 10666/10730/10800. Bearish below 10555 for a move back to 10480/10420.

Trading Monthly charts

As discussed in last analysis  Bulls will get upperhand above 10785 for May Series.

10785 gone and bears pushed index down by 300 points. Coming week 10785 will play crucial role

Nifty Weekly Chopad Levels

Nifty Trend Deciding Level:10610

Nifty Resistance:10666,10730,10785

Nifty Support :10555,10480,10420

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.

Want to see post in your Inbox,Register by adding your email id in Post in your Inbox section

Follow on Facebook during Market Hours:  https://www.facebook.com/pages/Brameshs-Tech/140117182685863

Follow on Twitter  during Market Hours:  https://twitter.com/brahmesh

Leave a Reply