Will Nifty break 8100, Weekly Analysis

Last Week we gave Chopad Levels  of 8286, Nifty not for a single day was able to close above 8286 and made a low of 8162 near our 1 target of 8150. Lets analyses how to trade nifty in coming week as slew of economic events lined up like Fed Policy, Britian Exit vote which might add to volatility.

Nifty Hourly Chart

NIFTY - Pyrapoint

8110 is support zone and 8260 is resistance zone as per pyrapoint.

Nifty Harmonic

Nifty Harmonic

As Nifty did not hold on to 8242-8262 range so the downmove can end near 8075/8100 range.Nifty Harmonic

On Daily we have a Bullish Shark pattern forming which till we held on to 7972 can see move till 8500-8527 in medium term.

Nifty Gann Angles

gann angles

Nifty s coming near the gann angle, so if 8100-8120 range is held we can see another upmove. Else we will move down to 8000 odd levels.

Nifty Supply and Demand

Supply Demand_Weekly

Next move towards 8336 holding 8000.

Nifty Gann Date

Nifty As per time analysis 13 June/17  June  is Gann Turn date , except a impulsive around this dates.

Nifty Gaps

For Nifty traders who follow gap trading there are 6 trade gaps in the range of  7000-9000, rest all gaps were filled in the last week fall.

  • 7222-7308
  • 7368-7406
  • 7748-7809
  • 7934-7948
  • 8069-8077
  • 8937-8891

Nifty Weekly Chart

Weekly Channel

It was Negative week, with the Nifty down by 50 points  closing @8170.Nifty has been trading in the weekly channel as shown above, from the low of 6825, Now we need to hold 8134-8100 range for another up move towards 8500-8550 range. Bulls failed to hold 8210 on weekly closing basis for next move till 8577, but for coming week if 8100-8120 range is held we can see another attempt to close above 8210.

Trading Monthly charts

nifty monthly

Monthly closed above  61.8% retracement ,signaling bulls have upper hand

Nifty Weekly Chopad Levels

Nifty Trend Deciding Level:8120

Nifty Resistance :8201,8265 ,8336

Nifty Support :8075,8000,7950

 

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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13 thoughts on “Will Nifty break 8100, Weekly Analysis”

  1. If you want to be profitable trade you need to find your knack, use anyone analysis in input to your trading plan..

  2. This Diwali coming 2 join Ur course I like it what a motivational stories I love it pl.dont stop it.

  3. thx sir…btw ur target already achieved today…but as my friend anuj singhal told …fiiis are net long 83 % in this future…seems there is huge short covering in this month…a nice one.. 🙂

  4. sir u have shown 2 harmonic patterns…which we should seen in d near future, how u get to know abt this ??…do u use gann with harmonic patterns or something else…if its fine wid u plz explain…else u can tell me when ill join ur course..

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