Last Week we gave Chopad Levels of 8091, Nifty gave multiple Long entry on Monday and Wednesday and did the 3 target on upside our 3 target was 8280, High made was 8275 so disciplined Chopad Followers were rewarded again by Market. Lets analyze how to trade nifty in coming week as we have Fed policy outcome on 14 Dec.
Nifty Hourly Chart
As discussed in last analysis Now for coning week 8091 will play crucial role above which again a move towards 8175/8250. Bearish below 8031 for 7900.
8250 done, Now coming week holding 8250 nifty can move towards 8330/8370/844. Bearish below 8250 for a move towards 8180/8100
ABCD Pattern target is of 8370 Holding 8044.
Nifty Gann Angles
As discussed in last analysis Now coming week 8091 is very crucial closing above it again move towards 8250/8350. Beraish below 8031 for move towards 7900.
Nifty bounced from gann angles support zone heading towards 8330/8370
Nifty Supply and Demand
As discussed in last analysis Coming week once 8031 is broken we can see a move back towards 7917. Holding 8031 move towards 8250/8295/8370
8295 done waiting for 8370
Nifty Gann Date
Nifty As per time analysis 13/14 Dec is Gann Turn date , except a impulsive around this dates.
Nifty Weekly Chart
It was positive week, with the Nifty up by 174 points closing @8262 taking support at the lower channel forming a bullish engulfing candlestick pattern and closing above 8250, Also we are seeing the effect of positive time cycle from 26-14 Dec. New Time Cycle starts from 15 Dec-10 Jan.
Trading Monthly charts
bulls gave close above 8250 for a move towards 8445 and bears below 7900 for a downmove towards 7750/7600.
Nifty Weekly Chopad Levels
Nifty Trend Deciding Level:8286
Nifty Resistance :8338,8400,8450
Nifty Support :8210,8150,8091
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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