Last Week we gave Chopad Levels of 10730, Nifty Opened gap down made high of 10702 high risk traders who were able to take trade got Short Entry as per Chopad Level on Monday got and did all 3 target on downside. Traders who waited for level to come were not able to to initiate the trade. Also Nifty made the High of 10702 on another minor time cycle date 05 Feb. So time cycle are working perfectly. Lets see how we trade nifty in coming week.
Till we are holding 10270 bulls can again bounce back and hit the target of 11000/11413
Nifty Gann Angles
Strong support in range of 10270-280 as per gann angle. Break of 10250 and fast fall towards 10090/9930.
Nifty Supply and Demand
Self Explanatory chart..
Nifty Time Analysis Pressure Dates
Nifty As per time analysis 12 Feb is Pressure date , impulsive move can be seen around these dates.
Nifty Weekly Chart
It was negative week, with the Nifty down by 309 points closing @10716. As discussed in last analysis We have important time cycle date on 05 Feb, Bulls need a close above 10730 for a move back towards 10888. Bearish below 10700 for a move towards 10622/10556.
High made was 10703 so bearish case got activated and all lower end target are done. Till we are holding 10425 we can see rise towards 10600/10730. Bearish below 10410 for a move towards 10250/10090
Trading Monthly charts
As discussed in last analysis Bulls now need to close above 10531 range in Feb month for bull run to continue.
Nifty Weekly Chopad Levels
Nifty Trend Deciding Level:10512
Nifty Resistance :10570,10656,10730
Nifty Support :10460,10368,10270
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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