Last Week we gave Chopad Levels of 10300, Nifty gave Long Entry as per Chopad Level Monday rewarded Chopad Followers as it did 2 Targets on Upside our target of 10410 and High made was 10405 , so Great week for Chopad followers. in the quiet less volatile week seen in recent times Lets see How to trade Nifty in week as we approach the November Expiry.
As discussed in last analysis Bulls were able to make weekly close above 10250, Keeping the target intact for 10560.
Another Week on close above 10250 and high made was 10405, waiting for target of 10482/10560.
Nifty Gann Angles
Trading in between gann angles on Weekly Time Frame,
Nifty Supply and Demand
Self Explanatory chart..
Nifty Time Analysis Pressure Dates
Nifty As per time analysis 27/30 Nov is Pressure date , impulsive move can be seen around these dates.
Nifty Weekly Chart
It was positive week, with the Nifty up by 106 points closing @10284 As discussed in last analysis Now for coming week Bulls need to hold 10250 for the next move towards 10350/10410/10490. Bearish below 10220 for a move towards 10100/10000. 22 Nov is very important trend change date.
High made was 10405 and low was 10307 so bulls held on to 10250 and continue the uptrend. Low made was on 22 Nov of 10309 and from that level we have rallied more than 100 points. Now coming week 27 Nov is another important trend change date. Till 10350 is held bulls are on upper hand and can see rally till 10490/10560. Bearish below 10300 for a move towards 10250/10180.
Trading Monthly charts
10100 is playing an important resistance zone on Monthly chart, Nifty finally closed above it now we need monthly closing above 10300 for next move towards 10576-10600.November is crucial month for trend change.
Nifty Weekly Chopad Levels
Nifty Trend Deciding Level:10400
Nifty Resistance :10450,10494,10555
Nifty Support :10350,10299,10249
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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