Last Week we gave Chopad Levels of 9870, Nifty gave Short entry to Chopad Followers on Tuesday did 1 target on downside, Long were triggered on Wednesday did target 2 on upside. Lets see How to trade Nifty in coming week as current time cycle comes to an end on 08 September.
Nifty Hourly Chart
Bullish above 10000 for a move towards 10090/10180. Bearish below 9880 for a move towards 9810/9700/9630.
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
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
Holding 9949 can see strong move towards 10137/10235.
Nifty Time Analysis Pressure Dates
Nifty As per time analysis 04/08 Sep is Gann Turn date , impulsive move can be seen around these dates.
Nifty Weekly Chart
It was positive week, with the Nifty up by 117 points closing @9974 ,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.
Trading Monthly charts
Bulls now need Weekly close above 10115 for a move towards 10288/10476. Bearish below 9900 for a move towards 9600/9450.
Nifty Weekly Chopad Levels
Nifty Trend Deciding Level:9999
Nifty Resistance :10050,10110,10186
Nifty Support :9930,9848,9770
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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