Nifty Weekly Forecast for 17-21 Dec

By | December 16, 2018 10:40 pm

 Last Week we gave Chopad level of 10610 Nifty gave a Long trade on Wednesday did all 3 target on upside, so excellent week for Chopad Followers. Lets see how we trade Nifty in coming week as we approach time cycle date of 17/20 Dec.

Nifty Bank Nifty Time Cycle 20 Dec and 29 Dec Video

Nifty Harmonic

Till we are holding 10600 we can scale towards 11000/11250/11318

Nifty Gann Angles

As discussed in Last Analysis Now bulls need to close above 10600 in case of any gap down due to exit poll/election results for upmove towards 10730/10800/10888/10941. Bearish below 10590 for a move back to 10512/10470/10410/10350/10225.

10350 done on Downside and 10800 done on upside in a rollercoaster week.

Coming Week Bulls need to protect 10700 and close above 10816 for upmove to continue towards 10882/10941/11000/111000. Bearish below 10690 for a move back to 10610/10561/10485

Planetary Cycles and Nifty Movements

Bullish above 10816 for a move back to 10885/10941/11000.

Nifty Supply and Demand

Self Explanatory chart..

Nifty Time Analysis Pressure Dates

Nifty As per time analysis  17/20 Dec is Pressure date , impulsive move can be seen around these dates.

Nifty Weekly Chart

It was positive week, with the Nifty down by 111 points  closing @10805 .As discussed in Last Analysis For coming week Now bulls need to close above 10600 in case of any gap down due to exit poll/election results for upmove towards 10730/10800/10888/10941. Bearish below 10590 for a move back to 10512/10470/10410/10350/10225. 10 Dec is very imp time cycle date again, High and low of 10 Dec is very important for next whole week.

10350 done on Downside and 10800 done on upside in a rollercoaster week.

Coming Week Bulls need to protect 10700  and close above 10816 for upmove to continue towards 10882/10941/11000/111000. Bearish below 10690 for a move back to 10610/10561/10485

Trading Monthly charts

Nifty Bulls need to close above 10941 in December month for the Monthly chart to turn bullish.

Nifty Weekly Chopad Levels

Nifty Trend Deciding Level:10777

Nifty Resistance:10821,10885,10941

Nifty Support:10700,10643,10570

 

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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