Last Week we gave Chopad level of 10610 Nifty gave long entry on 30 May and did 2 target on upside, so an excellent week for chopad followers. Lets see how we trade nifty in coming week,as we Approach the RBI Policy
As discussed in last analysis Now once above 10610 bulls can do 10666/10730/10800
10730 done now waiting for 10800/10888.
Nifty Gann Angles
Bulls need to close above 10730 for a move back to 10800/10888, Bearish below 10610 for a move back to 10555.
Planetary Cycles and Nifty Movements
As discussed in last analysis Now once above 10610 bulls can do 10666/10730/10800 as per planetary lines we were able to capture bottom.
10730 done, Now range for 10800-10830 is important planetary price resistance zone, Bulls need to cross this range, Bearish below 10610 for a move back to 10555/10470.
Nifty Supply and Demand
Self Explanatory chart..
Nifty Time Analysis Pressure Dates
Nifty As per time analysis 05/07 June is Pressure date , impulsive move can be seen around these dates.
Nifty Weekly Chart
It was positive week, with the Nifty up by 91 points closing @10696 .As discussed in last analysis Now bulls need to close above 10610 for a move towards 10666/10730/10800. Bearish below 10555 for a move back to 10480/10420.
10730 done, Coming week bulls need to close above 10730 for a the move to continue towards 10800/10888. Bearish below 10666 for a move back to 10610/10555
Trading Monthly charts
Bulls need to close above 10730 for rest of June series for momentum to continue on upside.
Nifty Weekly Chopad Levels
Nifty Trend Deciding Level:10730
Nifty Support :10666,10610,10555
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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