Nifty Weekly Forecast for 15-19 Oct

By | October 14, 2018

Last Week we gave Chopad level of 10201Nifty gave Long entry and did all 3 target on upside and short on Thursday got Stopped out  and we also seen the effect of important time cycle date of 09 Oct market rallied, so excellent week for chopad followers. Lets see how we trade nifty in coming week as we approach important time cycle date of 17 Oct.We have trading Holiday on 18 Oct

Nifty Harmonic

Holding 10138 rally can retrace through 10523/10600/10761

Nifty Gann Angles

Perfect bounce from gann angle.

Planetary Cycles and Nifty Movements

 

As Discussed in last analysis Bulls need to protect 10201 in coming week Blue color planetary line else we can see another round of selling towards 10090/10000/9938. Bullish above 10343 for a move back to 10410/10466/10525. Short covering will be very fast and furious trade in less quantity. 09 Oct is very important time cycle date.

Nifty Bulls made low of 10198 on start of the week and gave good move, For coming week 10450 and 10600 will play and extreme crucial role. Till 10450 is held bulls have upperhand towards 10570/10600. Bearish below 10450 for a move back to 10370/10300/10250/10200/10090. 17 Oct is important time cycle date.

Nifty Supply and Demand

Self Explanatory chart..

Nifty Time Analysis Pressure Dates

Nifty As per time analysis 15/17 Oct is Pressure date , impulsive move can be seen around these dates.

Nifty Weekly Chart

It was positive week, with the Nifty up by 154 points  closing @10472 .As Discussed in last analysisBulls need to protect 10201 in coming week else we can see another round of selling towards 10090/10000/9938. Bullish above 10343 for a move back to 10410/10466/10525. Short covering will be very fast and furious trade in less quantity. 09 Oct is very important time cycle date.

Nifty Bulls made low of 10198 on start of the week and gave good move, For coming week 10450 and 10600 will play and extreme crucial role. Till 10450 is held bulls have upperhand towards 10570/10600. Bearish below 10450 for a move back to 10370/10300/10250/10200/10090. 17 Oct is important time cycle date.

Trading Monthly charts

October has been bad month historically now Bears have upper hand till we are below 10494 for a move towards 10088/9800.

Nifty Weekly Chopad Levels

Nifty Trend Deciding Level:10512

Nifty Resistance:10570,10610,10721

Nifty Support:10450,10367,10300

 

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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