Nifty Weekly Forecast for June Expiry

Last Week we gave Chopad level of 10825 Nifty gave Short entry on Monday did 2 target  on downside so GOOD week for chopad followers. High made for the week was 10834 just near to our Chopad level of 10825 and whole week Nifty remained below our chopad level. Lets see how we trade nifty in coming week, as we approach June month Expiry and effect of Gann Time Cycle date 22 June on Monday.

Nifty Harmonic

As discussed in last analysis 10888 done not waiting for 11000/11100

Still waiting for target till we hold 10700.

Nifty Gann Angles

Waiting for 11000/11100 till we are holding 10700

Planetary Cycles and Nifty Movements

As discussed in last analysis  Bulls need to close above 10846 for the move to continue towards 10930/11000. Bearish below 10750 for a move back to 10680/10600.

High made was 10834 for the last week so bull case was not active, bears became active below 10750 made low of 10701. For Coming week Bulls need to close above 10846 for the move to continue towards 10890/10930/11000. Bearish below 10700 for a move back to 10666/10600

Nifty Supply and Demand

Self Explanatory chart..

Nifty Time Analysis Pressure Dates

Nifty As per time analysis 25/29 June is Pressure date , impulsive move can be seen around these dates.

Nifty Weekly Chart

It was positive week, with the Nifty up by 4 points  closing @10821 .As discussed in last analysis  Bulls need to close above 10846 for the move to continue towards 10930/11000. Bearish below 10750 for a move back to 10680/10600.

High made was 10834 for the last week so bull case was not active, bears became active below 10750 made low of 10701. For Coming week Bulls need to close above 10846 for the move to continue towards 10890/10930/11000. Bearish below 10700 for a move back to 10666/10600

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:10846

Nifty Resistance:10888,10930,11000

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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