Nifty Weekly Forecast for 10-14 July

Last Week we gave Chopad Levels  of 9538,  Nifty gave Long Entry on Monday  and did the second target by Thursday ,so good week for Chopad followers. Lets see How to trade Nifty in coming week. 

Nifty Hourly Chart

For coming week bullish above 9686 for a move towards 9720/9790.  Bearish below 9600 for a move towards 9520/9470.

Nifty Harmonic

 

Holding 9450 next move towards 9798/9865.

Nifty Gann Angles

As discussed in last analysisNifty managed to hold its weekly gann angle at 9514, holding the same bounce back can be seen till 9610/9673/9720/9800

Nifty bounced back from Gann Angle, holding 9645 upward journey continues towards 9720/9800

Nifty Supply and Demand

Bulls need to go above 9673 for a move towards 9720/9800. Bearish below 9600 for a move towards 9448.

Nifty Gann Date

Nifty As per time analysis 10/12 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 144 points  closing @9566 Finally closing at the upper end of quadrant and bouncing back after   3 week of correction As discussed in last analysis  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.

Low made was 9543 and bounced back doing a 1.5 % of rise and also doing target of 9610/9670. For coming week holding 9645 we can continue rally towards 9720/9800. Bearish below 9600 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:9686

Nifty Resistance :9730,9790,9868

Nifty Support :9630,9570,9500

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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