Last Week we gave Chopad Levels of 9999, Nifty gave Short entry to Chopad Followers on Monday did 1 target on downside, Nifty was not able to cross chopad levels for the whole week.Lets see How to trade Nifty in coming week as new time cycle starts from 11 Sep.
Gartley Pattern of last week did the target, Now ABCD pattern PRZ Zone is in range of 10030-10040 so this range we need to be cautious, if unable to close above this range we can see correction back till 9800.
Nifty Gann Angles
9840 is gann angle support. Impulsive selling below that only towards 9740/9620/9450.
Nifty Supply and Demand
Self Explanatory chart..
Nifty Time Analysis Pressure Dates
Nifty As per time analysis 11/12 Sep is Gann Turn date , impulsive move can be seen around these dates.
Nifty Weekly Chart
It was negative week, with the Nifty down by 39 points closing @9935 ,still unable to cross resistance at higher end of AF, Bulls need to close above 10000 for a move towards 10090/10157. Bearish below 9880 for a move towards 9750/9685/9630. Nifty new time cycle start 11 Sep-18 Sep.
Trading Monthly charts
Bulls now need Weekly close above 10115 for a move towards 10288/10476. Bearish below 9860 for a move towards 9600/9450.
Nifty Weekly Chopad Levels
Nifty Trend Deciding Level:9911
Nifty Resistance :9980,10055,10140
Nifty Support :9856,9800,9740
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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