Last Week we gave Chopad level of 10800 Nifty gave Long entry on Monday failed to do our 1 target as high made was 10850 ,Short were triggered on Monday but they also got stopped out. Longs triggered on Tuesday did 1 target on Upside so an average week for chopad followers. Lets see how we trade nifty in coming week, as we approach Important time cycle date on 22 June.
As discussed in last analysis 10800 done now waiting for 10888/11000/11100
10888 done not waiting for 11000/11100
Nifty Gann Angles
10888 done now waiting for 11000/11100
Planetary Cycles and Nifty Movements
As discussed in last analysis Bulls need to close above 10800 for the next move towards 10888/10930/11000. Bearish below 10700 for a move back to 10666/10610/10555
High made at the planetary cycle line and came down. Bulls need to close above 10846 for the move to continue towards 10930/11000. Bearish below 10750 for a move back to 10680/10600.
Nifty Supply and Demand
Self Explanatory chart..
Nifty Time Analysis Pressure Dates
Nifty As per time analysis 19/22 June is Pressure date , impulsive move can be seen around these dates.
Nifty Weekly Chart
It was positive week, with the Nifty up by 50 points closing @10817 .As discussed in last analysis Coming week Bulls need to close above 10800 for the next move towards 10888/10930/11000. Bearish below 10700 for a move back to 10666/10610/10555.
Bulls did 10890 and did not let bears break 10700 on downside.Time cycle confluence failed to show the effect suggest time is getting over balanced and we can see big move in coming week. Bulls need to close above 10846 for the move to continue towards 10930/11000. Bearish below 10750 for a move back to 10680/10600.
Trading Monthly charts
As discussed in last analysis Bulls need to close above 10730 for rest of June series for momentum to continue on upside.
Bulls finally closed above 10730 on weekly basis suggesting we can see further move towards 10900/11000.
Nifty Weekly Chopad Levels
Nifty Trend Deciding Level:10825
Nifty Support :10777,10720,10666
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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