Last Week we gave Chopad Levels of 10601, Nifty gave Long Entry as per Chopad Level on Monday rewarded did 1 Targets on upside, Short on Tuesday were stopped out and long eneterd again rewarded big time as we did the 3 target on upside as High made was 10906 so Awesome week for Chopad followers. Nifty for the whole week did not close below chopad level of 10701.Lets see How to trade Nifty in coming week as we come near confluence of time cycle 21-25 Jan
Bullish Harmonic pattern target done as we have been discussing, now waiting for extended target of 11053
Nifty Gann Angles
We were able to capture an awesome some w.r.t to gann angle, Any close above 10996 can see fast move towards 11200-11557.
Nifty Supply and Demand
Self Explanatory chart..
Nifty Time Analysis Pressure Dates
Nifty As per time analysis 22/25 Jan is Pressure date , impulsive move can be seen around these dates.
Nifty Weekly Chart
It was positive week, with the Nifty up by 213 points closing @10894. As discussed in last analysis 10660 done and till we are holding 10600 we are heading towards 10740/10814. Bearish below 10570 for a move towards 10510/10450.
Bullish target done, For coming week we need to hold 10800-14 range, for the up move to continue towards 10996-11053. 22 Jan -25 Jan are important time cycle dates for coming week, Any close below 10793 can see fast move 10720-10666.
Trading Monthly charts
As discussed in last analysis Nifty Bulls held to 10300 on Monthly and Yearly closing basis. 10300 will play crucial role in Jan month.
We are up 600 points from 10300 level and Jan had been good month for Bull 🙂
Nifty Weekly Chopad Levels
Nifty Trend Deciding Level:10890
Nifty Resistance :10940,11000,11053
Nifty Support :10830,10766,10700
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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