Nifty Weekly Forecast for Aug Expiry

Last Week we gave Chopad level of 11500 Nifty gave Long entry on Monday did 2 target  on upside,so GOOD week for chopad followers. Lets see how we trade nifty in coming week.  Thanks for donating generously for Kerala Relief Funds. I am very much humbled by the response , Lets keep them in our prayers to help them get over this tough times.

Nifty Harmonic

As Discussed in last analysis Nifty need to close above 11500 to invalidate the pattern. Below 11430 we can see fall towards 11370/11333/11270.

Pattern Invalidated as low made 11500 and now till we are holding 11500 we can rally until 11836. Bearish below 11500 for a move back to 11340/11230.

Nifty Gann Angles

As Discussed in last analysis Breakout above 11500 for a move towards 11555/11612. Below 11430 we can see fall towards 11370/11333/11270.

Break out in gann angle above 11600 for a move back to 11666/11730/11800. Bearish below 11500 for a move back to 11430/11370/11300.

Planetary Cycles and Nifty Movements

 

As Discussed in last analysis  Breakout above 11500 as per planetary line as show above. Bearish below 11430 we can see fall towards 11370/11333/11270.

Higher target for planetary cycle come to 11666/11730 till we are holding 11500. Bearish below 11500 for a move back to 11430/11370/11300.

Nifty Supply and Demand

Self Explanatory chart..

Nifty Time Analysis Pressure Dates

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

Nifty Weekly Chart

It was positive week, with the Nifty up by 86 points  closing @11557 and 8 positive week.As Discussed in last analysis  Breakout above 11500 for a move towards 11555/11612. Below 11430 we can see fall towards 11370/11333/11270/11230/11150/11070.

11612 done, Now till we are holding 11500 bulls have upper hand and can head towards 11620/11730/11800. Bearish below 11500 for a move back to 11430/11370/11300.

 

Trading Monthly charts

Nifty gave a monthly breakout and now till we are above 11500 bulls have upperhand towards 11666/11740/11830. Bearish below 11500 for a move back to 11400/11340.

 

Nifty Weekly Chopad Levels

Nifty Trend Deciding Level:11551

Nifty Resistance:11620,11666,11720

Nifty Support :11500,11430,11370

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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