Nifty Weekly Analysis near confluence of time cycle on 05-06 July

Last Week we gave Chopad level of 10846 Nifty gave Short entry on Monday did all 3 target  on downside so Excellent week for chopad followers. Nifty made top on 25 June and Bottom on 28 June so time cycle worked till perfection. 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 10846 for the move to continue towards 10890/10930/11000. Bearish below 10700 for a move back to 10666/10600 High made was 10831 so unable to break 10846 and as soon as 10700 broken we did target till 10600.

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 Supply and Demand

Self Explanatory chart..

Nifty Time Analysis Pressure Dates

Nifty As per time analysis 05/06 July 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 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. High made was 10831 so unable to break 10846 and as soon as 10700 broken we did target till 10600.

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.

 

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:10730

Nifty Resistance:10790,10846,10920

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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