Last Week we gave Chopad Levels of 10100, Nifty gave Long Entry as per Chopad Level on Monday but was stopped out , Short on Wednesday were also stopped out and Long take on Thursday rewarded Chopad Followers as it did 2 Targets on Upside so average week for Chopad followers. Lets see How to trade Nifty in coming week as we approach the important time cycle date of 12 Dec.
We are forming a bullish ABCD pattern with PRZ zone coming around 10770, Bulls need to close above 10300 for a move towards for 10490/10600/10770.
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 12/14 Dec is Pressure date , impulsive move can be seen around these dates.
Nifty Weekly Chart
It was positive week, with the Nifty up by 143 points closing @10266 As discussed in last analysis Now for coming ween 03 Dec is important trend change date and range of 10080-10090 is important support zone, Holding above it we can see rally back till 10300/10450. Break of 10060 fall till 10000/9930.
Nifty broken 10090 failed to do lower target, but as soon 10090 was broken bulls were on rampage and did high of 10270 almost doing for 10300. Coming week we have confluence of time cycle in between 12-14 Dec, so expect another volatile week on cards. Bulls need a close above 10292 for a move towards 10410/10490. Bears will get active only below 10250 for a move towards 10090/9985/9930.
Trading Monthly charts
Nifty had formed the first lower low in 12 months but we need a close below it, any close above 10300 will nullify the downmove.
Nifty Weekly Chopad Levels
Nifty Trend Deciding Level:10292
Nifty Resistance :10340,10427,10530
Nifty Support :10220,10170,10085
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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