Nifty Weekly Forecast for 03-07 Dec

By | December 2, 2018

Last Week we gave Chopad level of 10512 Nifty gave a Short trade on Monday which got Stopped out.Long Trade did all 3 target on Upside, Bottom for the week was made on 26 Nov our time cycle date. Lets see how we trade Nifty in coming week as we approach time cycle date of 03 Dec.

Nifty Harmonic

No Valid Harmonic Pattern Observed.

Nifty Gann Angles

Holding gann angle support and rallying for target of 11035/11100.  any close below 10820 can see downfall till 10777/10721/10666.

Planetary Cycles and Nifty Movements

As Discussed in Last Analysis Now below 10512 can see fast move towards 10470/10410. Bullish above 10646 only for a move back to 10712/10777.

Nifty moved from 1 planetary line to another as seen in above chart. For coming week bulls need a daily close above 10882 for ride towards 10930/11035. Bearish below 10820 for a move back to 10777/10721/10666.

Nifty Supply and Demand

Self Explanatory chart..

Nifty Time Analysis Pressure Dates

Nifty As per time analysis  03/06 Dec is Pressure date , impulsive move can be seen around these dates.

Nifty Weekly Chart

It was positive week, with the Nifty up by 350 points  closing @10876 . As Discussed in Last Analysis  Now below 10512 can see fast move towards 10470/10410. Bullish above 10646 only for a move back to 10712/10777.We made top on 19 Nov our time cycle date and now 26 being another important date.

Bullish target done and we made bottom on time cycle date of 26 Dec, For coming week bulls need a daily close above 10882 for ride towards 10930/11035. Bearish below 10820 for a move back to 10777/10721/10666.03 Dec Imp time cycle date for Nifty

Trading Monthly charts

Nifty Bulls need to close above 11035 in December month for the Monthly chart to turn bullish.

Nifty Weekly Chopad Levels

Nifty Trend Deciding Level:10882

Nifty Resistance:10930,11000,11100

Nifty Support:10820,10777,10700

 

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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2 thoughts on “Nifty Weekly Forecast for 03-07 Dec

  1. Bramesh Post author

    SL is as per traders risk appetite should not be more than 30 points

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