Nifty Outlook and Trend for 09-13 July

Last Week we gave Chopad level of 10846 Nifty gave Short entry on Monday did all 2 target  on downside and Long Entry was given on Wednesday and did 1 target on upside so Excellent week for chopad followers. Lets see how we trade nifty in coming week.

Nifty Harmonic

Till we are holding 10570 still we have  a chance to do 11K in Nifty.

Nifty Gann Angles

Waiting for 11000/11100 till we are holding 10700

Planetary Cycles and Nifty Movements

As discussed in last analysis For Coming week Bulls need to close above 10730 for the move to continue towards 10777/10846/10890/10930/11000. Bearish below 10666 for a move back to 10666/10600

Nifty is trading between the planetary lines as shown in above chart. Bullish above 10800 for a move towards 10846/10930. Bearish below 10730 for a move back to 10666/10610/10570.

Nifty Supply and Demand

Self Explanatory chart..

Nifty Time Analysis Pressure Dates

Nifty As per time analysis 09/12 July is Pressure date , impulsive move can be seen around these dates.

Nifty Weekly Chart

It was positive week, with the Nifty up by 58 points  closing @10772 .As discussed in last analysis For Coming week Bulls need to close above 10730 for the move to continue towards 10777/10846/10890/10930/11000. Bearish below 10666 for a move back to 10666/10600/10555.

Both Bullish and Bearish case were active and bears did 10604 and bulls did 10816, We have been trading in very tight range in last few weeks suggesting range contraction range expansion will lead to an explosive move above 10846 or below 10570 in between the choppiness will continue. Bulls need to close above 108oo in coming week for a move back to 10846/10930. Bearish below 10730 for a move back to 10666/10610/10570.

Trading Monthly charts

Nifty formed an Inside Month Candle, Breakout will be seen above 10846 below 10550 for atleast 150-200 points

Nifty Weekly Chopad Levels

Nifty Trend Deciding Level:10777

Nifty Resistance:10835,10888,10930

Nifty Support :10730,10666,10610

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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