Last Week we gave Chopad Levels of 9931, Nifty did gave long entry to Chopad Followers as we made high of 9919 and did 2 target on upside and close above 10000. Lets see How to trade Nifty in coming week as we approach the Monthly/RBI Policy and volatile time cycle from 31 Jul to 07 Aug.
Nifty Hourly Chart
As discussed in last analysis 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.
All target done on upside, for coming week above 10025 we can see fast move towards 10115/10157. Bearish below 9930 for a move towards 9877/9792.
As discussed in last analysis Now holding 9830 we can move towards 10081.
10081 done now waiting for 10154.
Nifty Gann Angles
As discussed in last analysis Now for coming week till 9830 is held we can move towards 10000/10057/10161.
10057 done now waiting for 10161.
Nifty Supply and Demand
Bulls need to hold 9949-9930 zone for a move towards 10115/10157/10288. Bears below 9930 can puh towards 9877/9792.
Nifty Gann Date
Nifty As per time analysis 31 July/02 Aug is Gann Turn date , impulsive move can be seen around these dates.
Nifty Weekly Chart
It was positive week, with the Nifty up by 99 points closing @10014,closing above the 10000 and life high. As discussed in last analysis so holding 9830 we can see the expected move towards 10000/10057/10161.Below 9830 fall towards 9787/9710.
High made 10115 so almost 2 target done, Now next time cycle will start from 31 Jul and end on 07 Aug,bulls need a weekly close above 10100 for the rally to continue else bears will get active as soon as 9930 get broken and can push nifty towards 9780.
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.
High made 10115, Bulls now need Weekly close above 10115 for a move towards 10288/10476
Nifty Weekly Chopad Levels
Nifty Trend Deciding Level:10025
Nifty Resistance :10100,10188,10257
Nifty Support :9930,9870,9820
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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