Last Week we gave Chopad level of 11520 Nifty gave short entry and did all 3 target on downside and we also seen the effect of time cycle confluence date market was in free fall, so excellent week for chopad followers. Lets see how we trade nifty in coming week as we approach important time cycle date of 25 Sep.
No Valid Harmonic Pattern Formed
Nifty Gann Angles
Reacted perfectly from gann angle Resistance below 11000 heading towards 10600-10700
Planetary Cycles and Nifty Movements
As Discussed in last analysis Bull need a close above 11520 to reach to upper end of planetary line as shown in above chart towards 11600/11666/11740. Bearish below 11470 for a move back to 11430/11370/11330.
High made was 11465 so bears had upper hand from the start of the week and we had the bog fall after time cycle date of 21 Sep, Now Bears need a close below 11100 for a move back to 10930/10865/10700. Bullsih above 11170 for a move back to 11250/11320. 25 Sep is important time cycle date.
Nifty Supply and Demand
Self Explanatory chart.. Bulls need to hold the green line 10930 else trend will change to bearish mode.
Nifty Time Analysis Pressure Dates
Nifty As per time analysis 25 Sep is Pressure date , impulsive move can be seen around these dates.
Nifty Weekly Chart
It was negative week, with the Nifty down by 372 points closing @11143.As Discussed in last analysis Now Bulls need to close above 11520 for an up move towards 11570/11630/11740. Bearish below 11470 for a move back to 11400/11330/11250. Time Cycle date of 20 Sep is very important.
High made was 11465 so bears had upper hand from the start of the week and we had the big fall after time cycle date of 21 Sep, Now Bears need a close below 11100 for a move back to 10930/10865/10700. Bullsih above 11170 for a move back to 11250/11320. 25 Sep is important time cycle date.
Trading Monthly charts
As we are approaching monthly closing in coming week bulls need to close above 11320 else bears will have upperhand in October month which is traditionally a Bear month.
Nifty Weekly Chopad Levels
Nifty Trend Deciding Level:11170
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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