Last Week we gave Chopad Levels of 9846, Nifty gave Short entry to Chopad Followers on Monday Low made 9752 and did 1 target on downside, Long were triggered on Wednesday but failed to do target 1 on upside. Lets see How to trade Nifty in coming week with advent of new time cycle and Aug expiry.
Nifty Hourly Chart
Bullish above 9920 for a move towards 10000. Bearish below 9810 for a move towards 9770/9700/9630.
Holding 9820 we can start upmove towards 10050.Pattern Invalid below 9800
Nifty Gann Angles
9685 is gann angle support. Impulsive selling below that only towards 9450.Till 9685 is held we can move towards 10000/10265.
Nifty Supply and Demand
Break of 9772 can see strong move towards 9656/9448. Bullish above 9950 only.
Nifty Time Analysis Pressure Dates
Nifty As per time analysis 28/31 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 19 points closing @9837,correcting after unable to cross resistance at higher end of AF, Bulls need to close above 9911 for a move towards 10025/10090. Bearish below 9820 for a move towards 9750/9685/9630.
New Time Cycle is starting from 28Aug-07 Sep
Trading Monthly charts
Bulls now need Weekly close above 10115 for a move towards 10288/10476. Bearish below 10000 for a move towards 9600. Bearish till we do not achieve 9600/9450
Nifty Weekly Chopad Levels
Nifty Trend Deciding Level:9870
Nifty Resistance :9920,9970,10050
Nifty Support :9810,9750,9685
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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