Last Week we gave Chopad Levels of 9951, Nifty did not gave long entry to Chopad Followers as we made high of 9928 and came back, After the impulsive move we were able to capture this week was no trade for chopad followers as our Chopad level did not trigger. Lets see How to trade Nifty in coming week as we approach the expiry week and beginning of new time cycle.
Nifty Hourly Chart
As discussed in last analysis For coming week break of 9913 we can move towards 10000/10057/10100. Bearish below 9830 for a move towards 9750/9700.
Nifty did break 9913 on upside but failed to do 10000 and also 9830 on downside was protected. For coming week till we are holding 9830 bulls have upper hand and as soon as 9930 is broken we can see fast move towards 10000/10057. Below 9830 fall towards 9787/9710.
As discussed in last analysis Holding 9450 next move towards 9798/9865.
9865 done, Now holding 9830 we can move towards 10081.
Nifty Gann Angles
As discussed in last analysis Now for coming week till 9830 is held we can move towards 10000/10057/10161.
9830 held waiting for the move till 10000/10057/10161.
Nifty Supply and Demand
Bulls need to hold 9690-9709 for a move towards 10000/10157.
Nifty Gann Date
Nifty As per time analysis 25 July is Gann Turn date , impulsive move can be seen around these dates.
Nifty Weekly Chart
It was positive week, with the Nifty up by 28 points closing @9915,consolidating the gains of impulsive time cycle and forming an Hanging man candlestick pattern. As discussed in last analysis Till 9830 is held bulls can continue to rally above 10000/10100. Bearish below 9830 for a move till 9750/9680.
9830 held now bulls are entering the new time cycle from 24-31 July, so holding 9830 we can see the expected move towards 10000/10057/10161.Below 9830 fall towards 9787/9710.
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:9931
Nifty Resistance :9999,10057,10157
Nifty Support :9880,9830,9770
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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