Last Week we gave Chopad Levels of 9626, Nifty gave Short Entry on Monday and did the third target by Wednesday,so good week for Chopad followers. Lets see How to trade Nifty in coming week.
Nifty Hourly Chart
For coming week bullish above 9535 for a move towards 9610/9720/9790. Bearish below 9450 for a move towards 9360/9270.
Holding 9450 next move towards 9798/9865.
Nifty Gann Angles
Nifty managed to hold its weekly gann angle at 9514, holding the same bounce back can be seen till 9610/9673/9720/9800
Break of 9460 can see nifty move towards 9360/9270.
Nifty Supply and Demand
Bulls need to go above 9610 for a move towards 9673/9720/9800. Bearish below 9460 for a move towards 9360/9270
Nifty Gann Date
Nifty As per time analysis 03/06 July is Gann Turn date , impulsive move can be seen around these dates.
Nifty Weekly Chart
It was negative week, with the Nifty down by 54 points closing @9520 3 week of correction seen after 5 weeks of rise and taking resistance at upper end of quadrant. As discussed in last analysis 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.
Bearish Cycle played pretty well as below 9565 we did both target of 9520/9470. As per coming week time cycle we can expect a 3-4% move in next 2 weeks as we are nearing an impulsive time cycle, Bullish above 9538 for a move towards 9610/9670/9800. Bearish below 9450 for a move towards 9360/9270/9123.
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:9538
Nifty Resistance :9610,9685,9740
Nifty Support :9480,9420,9360
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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