Nifty Weekly Forecast for 13-17 May

By | May 12, 2019

Last Week we gave Chopad level of 11797 Nifty  opened with gap down and did not trigger our chopad level. Let see how to trade in coming week as we approach important time cycle date of 15/16 May.

 

Nifty Harmonic

11278 done fall from PRZ zone of 11856

Nifty Gann Angles

Reacted from gann angle resistance zone, now bulls need to move above 11343  for a move towards 11444/11512/11570. Break below 11197  it can see fall towards 11100/11030/10970.

Planetary Cycles and Nifty Movements

Coming Week Bulls need to trade above 11300 for a move back to 11366/11444/11512. Bears will get active below 11197 for a move back to 11100/11040/10970

Nifty Supply and Demand

Self Explanatory chart..

Nifty Time Analysis Pressure Dates

Nifty As per time analysis  15/16 May is Pressure date , impulsive move can be seen around these dates.

Nifty Weekly Chart

Coming Week Bulls need to trade above 11300 for a move back to 11366/11444/11512. Bears will get active below 11197 for a move back to 11100/11040/10970

Trading Monthly charts

Bulls need to hold 11200-230 range for whole of May month for bulls to keep an upper hand.

Nifty Weekly Chopad Levels

Nifty Trend Deciding Level:11300

Nifty Resistance:11366,11421,11510

Nifty Support:11230,11166,11100

 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.

Want to see post in your Inbox,Register by adding your email id in Post in your Inbox section

Follow on Facebook during Market Hours:  https://www.facebook.com/pages/Brameshs-Tech/140117182685863

Follow on Twitter  during Market Hours:  https://twitter.com/brahmesh

Leave a Reply

Your email address will not be published. Required fields are marked *