Last Week we gave Chopad Levels of 9610, Nifty gave 2 time Long Entry on Monday and Wednesday and did the first target on Monday and Thursday, Short were triggered on Friday but failed to do target of 9540 and made low of 9565. As discussed in Last Week we approach important time cycle turning point on 22-23 June. If low of 23 June 9565 is held we can see good bounce back for around 150-200 points. Break of 9565 can lead to similar move on downside.
Nifty Hourly Chart
For coming week bullish above 9610 for a move towards 9660/9720/9790. Bearish below 9565 for a move towards 9520/9480/9410.
holding 9565next move towards 9798/9922.
Nifty Gann Angles
As discussed in last analysis Now above 9610 target 9770/9906.
High made 9699 waiting for 9770/9906.Gann angle support is in range of 9560-550
Nifty Supply and Demand
Bulls need to hold 9560 for a move towards 9673/9720/9800. Bearish below 9560 for a move towards 9400
Nifty Gann Date
Nifty As per time analysis 27/30 June is Gann Turn date , impulsive move can be seen around these dates.
Nifty Weekly Chart
It was negative week, with the Nifty down by 13 points closing @9574 2 week of correction seen after 5 weeks of rise and taking resistance at upper end of quadrant. As discussed in last analysis 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.
High made was 9699 and low made was 9565 so time cycle played till perfection. Now for coming week 24 June was monthly time cycle date so low made on 23 June will play crucial role, Holding 9565 we can see rise till 9720/9800. Bearish below 9560 for a move towards 9520/9470.
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:9626
Nifty Resistance :9665,9720,9811
Nifty Support :9565,9529,9460
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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