Nifty Weekly Forecast for 16-18 Aug

Last Week we gave Chopad Levels  of 10090,  Nifty gave short entry to Chopad Followers on Monday  as we made High made was  10088 and did all 3 target on downside making impulsive move on start of new time cycle.  Lets see How to trade Nifty in coming week as we approach important  time cycle date on 17 Aug.

Nifty Hourly Chart

Bullish above 9801 for a move towards 9856/9930. Bearish below 9770 for a move towards 9700./9630.

Nifty Harmonic


Holding 9685-9650 we can start upmove towards 10250-10300.

Nifty Gann Angles

9630-9650 is gann angle support.

Nifty Supply and Demand

Self Explanatory chart..

Nifty Gann Date

Nifty As per time analysis 17 Aug is Gann Turn date , impulsive move can be seen around these dates.

Nifty Weekly Chart

It was negative week, with the Nifty down by 355 points  closing @9710,correcting after unable to cross resistance at higher end of AF,  Bulls need to close above 9800 for a move towards 9930. Bearish below 9770 for a move towards 9685/9630.


Trading Monthly charts

Bulls now need Weekly close above 10115 for a move towards 10288/10476. Bearish below 10000 for a move towards 9600.

Nifty Weekly Chopad Levels

Nifty Trend Deciding Level:9801

Nifty Resistance :9854,9930,9980

Nifty Support :9730,9685,9630

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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