Nifty Weekly Outlook as per Gann Analysis

Last Week we gave Chopad Levels  of 8720, Nifty gave short entry on Monday before 2 days holiday and rewarded discipline chopad as all 3 target on downside were done. Our 3 target of 8540 and Nifty made low of 8541.
Lets analyze how to trade nifty in coming week as we are approaching a important time cycle point as per gann time analysis.

Nifty Hourly Chart


For coming week 8518-8520 is very crucial range . Break the same Nifty can correct till 8448 levels.  8448-8440 is again an important support as per gann analysis holding the same we can see sharp up rally till 8700/8800.

Bullish only on close above 8756.

Nifty Harmonic

As discussed in last analysis Now for coming week break of 8656 can see a move towards 8555 break of surgical strike low.

8555 was broken made low of 8540, We are forming 2 pattern ABCD and Gartley as shown in below chart which gets complete in range of 8448-8460.


Nifty Gann Angles


As discussed in last analysis    Break of 8656 can see fast move towards 8555 and below that 8450.

8555 done now waiting for 8450, Bullish only above 8656 for target of 8756/8840

Nifty Supply and Demand


As discussed in last analysis   Now for coming weeks bulls should hold 8656 holding the same we can see upmove till 8778/8850. Bears will get active below 8656 for target of 8540.

8540 done made low of 8541, Now for coming week if 8540 gets taken out we can correct all the way to 8448 and below that 8300. Bullish above 8656 for target of 8728/8774/8840.

Nifty Gann Date

Nifty As per time analysis 18-22 Oct  is Gann Turn date , except a impulsive around this dates.

Nifty Gaps

For Nifty traders who follow gap trading there are 8 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
  • 8127-8157
  • 8204-8242
  • 8323-8407
  • 8607-8642

Nifty Weekly Chart


 It was negative week, with the Nifty down by 114 points  closing @8583  formed bearish engulfing pattern again closing below its weekly trendline as shown in above chart As discussed in last analysis   Bulls need Weekly close 8774 for momentum to come in their favor, Unable to close above 8700 for next 2 weeks bears can push nifty towards 8577/8450 range.

Coming 2 week expect big impulsive move as per time analysis, 8540 holding can see back to 8756 and break of 8540 down move till 8448/8300.

Trading Monthly charts


As per monthly chart traders should watch for 8450 level in any correction holding 8450 is very important for the current uptrend from 6825.

Nifty Weekly Chopad Levels

Nifty Trend Deciding Level:8595

Nifty Resistance :8656,8720 ,8800

Nifty Support :8540,8480,8400


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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10 thoughts on “Nifty Weekly Outlook as per Gann Analysis”

  1. Sir is it right to say that due to the yesterdays upside movement ,the gartley and alternate abcd pattern has failed or still valid

  2. Today low is 8518. This will be broken in the coming days and you will get 8462/8450. Pull back expected from 8450. Close all your shorts at 8450. Beauty of Elliott wave is that you will know the downside well in advance. My downside tgts are: 8324/8232/8150. From 8150 expect reversal and break of previous high of 9119.

  3. Some more downside is there in Nifty. You can expect pull back from 8450 levels. But Nifty can go down upto 8324/8232/8150 lvls. But do not expect these lvls overnight. Only after reasonable pull back it will come down to these levls. Strong bottom will be around 8150 and nifty will again scale new highs from 8150. But time frame? will be in months before scaling this new high.

  4. Brameshji, Hourly chart looks like a descending triangle which means further downside possible. Value your comments on the same.

  5. Please check the USA markets charts also Sir. I feel that based on my study of charts Nasdaq will go down in coming weeks thus nifty can also go down.Please share your views also.

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