Nifty Weekly Forecast as we approach All Time High

By | July 15, 2018

Last Week we gave Chopad level of 10846 Nifty gave Long entry on Monday did all 3 target  on Upside  so Excellent week for chopad followers. Low for the week was made on 09 July our time cycle date. Lets see how we trade nifty in coming week as we approach all time high.

Nifty Harmonic

As Discussed in last analysis Till we are holding 10570 still we have  a chance to do 11K in Nifty.

11K done, Now till we are holding 10890 we can move all the way till 11216-11245.

Nifty Gann Angles

As Discussed in last analysis Waiting for 11000/11100 till we are holding 10700

11000 done now waiting for the next target of 11250-11268 till we are holding 10900.

Planetary Cycles and Nifty Movements

 

As Discussed in last analysis Nifty is trading between the planetary lines as shown in above chart. Bullish above 10800 for a move towards 10846/10930. Bearish below 10730 for a move back to 10666/10610/10570.

Bullish target done. Now bulls need to closed 11025 for the up move to continue towards 11088/11171/11236. Bearish below 10980 for a move towards 10920/10810.

Nifty Supply and Demand

Self Explanatory chart..

Nifty Time Analysis Pressure Dates

Nifty As per time analysis 18/20 July is Pressure date , impulsive move can be seen around these dates.

Nifty Weekly Chart

It was positive week, with the Nifty up by 58 points  closing @10772 .As Discussed in last analysis We have been trading in very tight range in last few weeks suggesting range contraction range expansion will lead to an explosive move above 10846 or below 10570 in between the choppiness will continue. Bulls need to close above 108oo in coming week for a move back to 10846/10930. Bearish below 10730 for a move back to 10666/10610/10570.

Bullish target done. Now bulls need to closed 11025 for the up move to continue towards 11088/11171/11236. Bearish below 10980 for a move towards 10920/10810.

Trading Monthly charts

As Discussed in last analysis Nifty formed an Inside Month Candle, Breakout will be seen above 10846 below 10550 for atleast 150-200 points.

Both target done now bulls need to hold 10920 for remaining part of the month for the move towards 11236-11400.

Nifty Weekly Chopad Levels

Nifty Trend Deciding Level:11025

Nifty Resistance:11088,11130,11236

Nifty Support :10970,10920,10855

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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