Last Week we gave Chopad Levels of 9635, Nifty gave Short on Monday which and did the first target on downside by Thursday, Lets see how to trade in coming week as we approach important time cycle turning point on 22-23 June.
Nifty Hourly Chart
As discussed in last analysis Coming week Holding 9610-9630 range we can see fast move towards 9710/9770/9810. Bearish below 9580 for a move towards 9520/9480.
Hourly chart gave whipsaw as consolidated near 9610 only, for coming week bullish above 9610 for a move towards 9660/9720/9790. Bearish below 9565 for a move towards 9520/9480/9410.
As discussed in last analysis now holding 9390 another attempt will be made towards 9584.
holding 9580 next move towards 9798.
Nifty Gann Angles
As discussed in last analysis Now above 9610 target 9770/9906.
High made 9708 waiting for 9770/9906.Gann angle support is in range of 9464-9480
Nifty Supply and Demand
Bulls need to hold 9580-9600 in correction if not able to hold fall towards 9488/9380
Nifty Gann Date
Nifty As per time analysis 18/23 June is Gann Turn date , impulsive move can be seen around these dates.
Nifty Weekly Chart
It was negative week, with the Nifty up by 80 points closing @9588 correction seen after 5 weeks of rise. As discussed in last analysis As per new time cycle till the low of 09 June ie 9608 is not broken we can scale out towards 9750/9800 by 21 June. Break of 9600 can see swift fall towards 9520/9470.
Last Week Time cycle did not give the expected move,as low of 9608 was broken, and did not achieve the target of 9520 low made was 9565. Coming week 9610 will play crucial role above which we can see move towards 9660/9720/9798. Bearish below 9565 for a move towards 9520/9470/9410. 22-23 June is crucial turn date as per time analysis.
Trading Monthly charts
As discussed in last analysis Bulls need to hold 9100 on Monthly closing basis for next move towards 9600/10200 in next 6 months.
9600 done now waiting for 10200.
Nifty Weekly Chopad Levels
Nifty Trend Deciding Level:9610
Nifty Resistance :9665,9720,9811
Nifty Support :9540,9470,9401
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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