Nifty Weekly Forecast for RBI Policy Week

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

 

Nifty Harmonic

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 Resistance:10787,10830,10879

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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