Last Week we gave Chopad level of 9940 Nifty made low of 9958 on 26 March our time cycle date and rallied to complete all 3 target. Lets see how we trade nifty in coming week as we start the new financial year.
Nifty is forming a bullish abcd patter with target as mentioned. Bulls need close above 10239 for upmove to continue towards 10410.
Nifty Gann Angles
Bulls were finally able to hold gann angle and also protected 9920, now till holding 9951 we can continue rally towards 10300-10500.
Nifty Supply and Demand
Self Explanatory chart..
Nifty Time Analysis Pressure Dates
Nifty As per time analysis 01/05 April is Pressure date , impulsive move can be seen around these dates.
Nifty Weekly Chart
It was positive week, with the Nifty up by 115 points closing @10113. As discussed in last analysis Now for coming week bears need a close below 9920 for the downmove towards 9840/9770/9700. Bullish below 10050 for a move back to 10150/102220. 26-28 March again we are getting confluence of time cycle.
9920 was not broken and once 10050 was broken on 26 March time cycle date big move was seen and we did all target till 10200. Coming week bulls need close above 10222 for the up move to continue till 10300/10410. Bearish below 10077 for the move towards 10000/9951.
Trading Monthly charts
As per time analysis April is trend change month, 02 April open will play crucial role for whole month.
Nifty Weekly Chopad Levels
Nifty Trend Deciding Level:10210
Nifty Support :10270,10343,10420
Nifty Resistance :10150,10077,10000
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.
Want to see post in your Inbox,Register by adding your email id in Post in your Inbox section
Follow on Facebook during Market Hours: https://www.facebook.com/pages/Brameshs-Tech/140117182685863
Follow on Twitter during Market Hours: https://twitter.com/brahmesh