Nifty Weekly Forecast for Oct Expiry

By | October 21, 2018

Last Week we gave Chopad level of 10512 Nifty gave Long entry and did all 3 target on upside and short gave all 3 target on Downside Lets see how we trade nifty in coming week as we approach important time cycle date of 23 Oct.

Nifty Harmonic

Holding 10138 rally can retrace through 10523/10600/10761

Nifty Gann Angles

Holding on to Gann Angle.

Planetary Cycles and Nifty Movements

 

As Discussed in last analysis 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.

10600 done and 10250 also done. Bears need to break 10250 for the move back to 10170/10090/10000. Bullish above 10404 for a move back to 10470/10525.

Nifty Supply and Demand

Self Explanatory chart..

Nifty Time Analysis Pressure Dates

Nifty As per time analysis 23 Oct is Pressure date , impulsive move can be seen around these dates.

Nifty Weekly Chart

It was positive week, with the Nifty down by 160 points  closing @10303 .As Discussed in last analysis 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.

10600 done and 10250 also done. Bears need to break 10250 for the move back to 10170/10090/10000. Bullish above 10404 for a move back to 10470/10525.

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:10323

Nifty Resistance:10390,10450,10525

Nifty Support:10250,10170,10090

 

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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