Last week we did not share any weekly analysis, As per Historical data Important Swing low and high are formed in 1 week of January so keep a close eye on Nifty price action in coming week. Infosys results will be declared on 9 Jan, this time the timings have changed to 12:30 PM. Lets analyze how to trade Nifty in coming week.
Nifty Hourly Chart
Nifty Hourly charts is approaching its trendline resistance @8410/420 crossing the same the up move will continue till 8484/8530 else we might /see pullback again towards 8350/8280 odd levels.
Nifty Hourly Elliot Wave Chart
Elliot wave chart on Hourly is shown above suggesting upmove can continue further and 8480/8550 will decide further course of action.
Nifty Daily Chart
Nifty daily chart with Gann Box is shown above. Its heading towards green line resistance of gann box, crossing the same up move continues till 8500/8550, strong support @ blue line cmp@8351..
Nifty Ichimoku Kinko Hyo
Nifty Ichimoku Kinko Hyo has also generated a buy singal
Nifty Daily Elliot Wave Chart
As per EW more legs are left to the rally use dips to take exposure to quality large and mid caps stocks.
Nifty Gann Date
As per time analysis 06 Jan is Gann Turn date , except a impulsive around this date.
Nifty Gann Emblem
16 Jan are very important date as per Gann Embelm.
Nifty Gaps
For Nifty traders who follow gap trading there are 7 trade gaps in the range of 7000-7800
- 7067-7014
- 7130-7121
- 7276-7293
- 7229-7239
- 7454-7459
- 7526-7532
- 7598-7568
- 7625-7654
- 7780-7856
- 7927-7974
- 8029-8084
- 8159-8208
- 8284-8288
Fibonacci technique
Fibonacci fan
Nifty took exact support @ gann fan and now entering the resistance zone in range of 8420/8440
Fibonacci Retracement
Crossed in 61.8% retracement of fall from 8628-7961 hence bullish in short term,follow upmove is required above 8420 for further confirmation.
Nifty Weekly Chart
It was positive week, with the Nifty up by 194 points closing @8395 forming a bullish engulfing candlestick pattern and trading in its uptrending channel . Weekly time frame as per Harmonic suggests Nifty is still in buy on dips mode . Nifty started the new time cycle with a positive week. Jan 5-6 are important dates as per time analysis hence price action needs to be closely watched.
Trading Monthly charts
2 Monthly candels are compared in above chart, if historical price action is to be repeated expect a bullish January.
Nifty Weekly Chopad Levels
Nifty Trend Deciding Level:8416
Nifty Resistance:8465,8546,8627
Nifty Support:8340,8285,8214
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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Hi Sir, In Gan Emblem, I see Jan 16th as Gan date. Please let me know how the Jan 6th was arrived. Thanks
Can you please elaborate your 2 statements
1. “As per time analysis 06 Jan is Gann Turn date , except a impulsive around this date”
2.”Jan 5-6 are important dates as per time analysis hence price action needs to be closely watched.”
This is very important because of today’s dramatic fall in NIFTY & SENSEX.
Thank you sir
Excellent analysis as always. Keep up this good work for years to come. Wish you good luck for 2015. Thank you
sir where can we see the gann emblem and how to interpret
I will write a post on it to get better understanding.
Rgds,
Bramesh
Sir, Pl. post EW analysis of Nifty Wkly Chart.
WIll try
Rgds,
Bramesh
Respected Sir,
Will you give regularly FII FnO Data Analysis of Bank-Nifty,like Nifty Spot Data. So we will get Good Knowledge,Good guidance of you in Bank-Nifty also.
Hats-up to you and salute to your hard work.
Thanks for sharing valuable Knowledge.
Wishing you a very happy newyear.
Thanks.
Will try for BN
Rgds,
Bramesh
Why 17 oct is first date in Gann emblem? Also, where I can get more on Gann methods?
Please google for gann embelem
hai will u provide detailed view on bank nifty(larger time frame)
Thanks for excellent guidance. Thanks.
Excellent work. Thanks a lot.
Thanks a lot !!4
Rgds,
Bramesh
Wishing you a fantastic fantabulous New Year. I am waiting for your valuable research in coming days ……Thanks for sharing valuable analysis
Happy to see this analysis. Wishing you a very happy new year.