Nifty Weekly Forecast for 6-10 May

By | May 5, 2019

Last Week we gave Chopad level of 11797 Nifty  gave Short on Thursday as High made on Expiry day was 11789 and did 1 target on downside  so average week for Chopad Followers. Let see how to trade in coming week as we approach important time cycle date of 09 May.

Nifty Harmonic

Nifty Gann Angles

Reacted from gann angle resistance zone, now bulls need to move above 11797 for a move towards 11856/11910/11964. Break below 11700  it can see fall towards 11650/11610/11570/11512

Planetary Cycles and Nifty Movements

Coming Week Bulls need to trade above 11797  for a move back to 11850/11894/11940/12011. Bears will get active below 11700 for a move back to 11650/11610/11570/11525.

Nifty Supply and Demand

Self Explanatory chart..

Nifty Time Analysis Pressure Dates

Nifty As per time analysis  06/09 May is Pressure date , impulsive move can be seen around these dates.

Nifty Weekly Chart

Coming Week Bulls need to trade above 11797  for a move back to 11850/11894/11940/12011. Bears will get active below 11700 for a move back to 11650/11610/11570/11525.

Trading Monthly charts

Bulls need to hold 11550-11570 range for whole of May month for bulls to keep an upper hand.

Nifty Weekly Chopad Levels

Nifty Trend Deciding Level:11797

Nifty Resistance:11856,11910,11960

Nifty Support:11740,11666,11610

 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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