Last Week we gave Chopad Levels of 9166, Nifty did not give any entry as Chopad was not triggered as Market opened gap up on Monday.Lets see how to trade in coming week as we have holiday on 14 April.
Nifty Hourly Chart
As discussed in last analysis Now for coming week break of 9200 can see fast move towards 9268/9312/9368. Bearish below 9130 for a move towards 9060/8992
9274 high made and came down. Now for coming week 9149-9140 is important support zone holding the same can see move back towards 9268/9312/9368. Bearish below 9130 for a move back till 9020/8969.
Still waiting for 9312 for completion of extended abcd pattern.Bulls needs to hold 8992 for the target to come.
Nifty Gann Angles
Bulls should hold 9130 for a the move towards 9312/9468.
Nifty Supply and Demand
Bulls should now hold 9071 in correction for march towards 9312/9468.
Nifty Gann Date
Nifty As per time analysis 11/13 April is Gann Turn date , impulsive move can be seen around these dates.
Nifty Weekly Chart
It was positive week, with the Nifty up by 24 points closing @9198 and continue to close above the next quadrant as in above chart and closing above 9100. Holding above 9149 we can see move towards 9300/9500. 13-14 April is important trend change date as per time analysis
Trading Monthly charts
Bulls need to hold 8992 on Monthly closing basis for next move towards 9600/10200 in next 6 months.
Nifty Weekly Chopad Levels
Nifty Trend Deciding Level:9221
Nifty Resistance :9269,9310,9368
Nifty Support :9150,9080,9020
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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