Last Week we gave Chopad level of 11300 Nifty did 3 target on downside and 2 target on upside so excellent week for Chopad followers and we also seen the effect of Ingress dates as shown in below video. Let see how to trade in coming week as we approach important time cycle date on 21 May and also Lok Sabha Election results coming.
Bounced from 11100 level and now heading higher towards 11800 till we are holding above 11300
Nifty Gann Angles
Reacted from gann angle Support zone, now bulls need to move above 11449 for a move towards 11512/11570/11610/11666/11740/11856. Break below 11200 it can see fall towards 11100/11030/10970.
Planetary Cycles and Nifty Movements
Coming Week Bulls need to trade above 11449 for a move back to 11512/11570/11610/11666/11740/11856/11921/12100. Bears will get active below 11200for a move back to 11100/11040/10970/10800/10600
Nifty Supply and Demand
Self Explanatory chart..
Nifty Time Analysis Pressure Dates
Nifty As per time analysis 21/23 May is Pressure date , impulsive move can be seen around these dates.
Nifty Weekly Chart
Coming Week Bulls need to move above 11449 for a move towards 11512/11570/11610/11666/11740/11856/11921/12000/12100. Break below 11200 it can see fall towards 11100/11030/10970/10800/10721/10666/10600.
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:11449
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