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.
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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