Nifty Weekly Forecast for May Expiry

By | May 26, 2019

Last Week we gave Chopad level of 11449 Nifty opened with gap up and rallied towards 12K as our Beloved PM Shri Narendra Bhai Modi came back to power with even a bigger mandate a proud moment for All Indians and Market saluted the victory by Hitting 12k . Lets see how to trade in coming week as we look for Monthly closing.

Nifty Harmonic

ABCD target of 12318 till we are holding election day low of 11614.

Nifty Gann Angles

Break out of Gann Angle suggesting higher level coming towards 121100/12300 till we are holding 11614.

Planetary Cycles and Nifty Movements

Coming Week Bulls need to trade above 11896 for a move back to 11939/12000/12100/12096. Bears will get active below 11776 for a move back to 11722/11666/11614.

Nifty Supply and Demand

Self Explanatory chart..

Nifty Time Analysis Pressure Dates

Nifty As per time analysis  27/30 May is Pressure date , impulsive move can be seen around these dates.

Nifty Weekly Chart

Coming Week Bulls need to trade above 11896 for a move back to 11939/12000/12100/12096. Bears will get active below 11776 for a move back to 11722/11666/11614.

Trading Monthly charts

Bulls need to hold 11614 range for whole of May month for bulls to keep an upper hand.

Nifty Weekly Chopad Levels

Nifty Trend Deciding Level:11825

Nifty Resistance:11896,11931,11099,12041

Nifty Support:11777,11722,11666,11614

 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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