Last Week we gave Chopad level of 11565 Nifty gave short entry and did all 3 target on downside, so excellent week for chopad followers. Lets see how we trade nifty in coming week as we approach confluence of time cycle on 10-11 Sep.
We are forming potential ABCD Pattern till we hold 11250, We are heading towards new high levels as mentioned above.
Nifty Gann Angles
Reacted perfectly from gann angle support, Now till 11250 held going towards the higher end around 11650/11800.
Planetary Cycles and Nifty Movements
As Discussed in last analysis As seen in above chart Bullish above 11630 for a move back to 11680/11740/11810. Bearish below 11570 for a move back to 11500/11400.
Bearish target done,Bull need a close above 11520 to reach to upper end of planetary line as shown in above chart towards 11600/11666/11740. Bearish below 11470 for a move back to 11430/11370/11330.
Nifty Supply and Demand
Self Explanatory chart..
Nifty Time Analysis Pressure Dates
Nifty As per time analysis 17/20 Sep is Pressure date , impulsive move can be seen around these dates.
Nifty Weekly Chart
It was negative week, with the Nifty down by 91 points closing @11515 .As Discussed in last analysis Time cycle worked perfectly and we got all bearish target done, Now coming week we are getting the confluence of time cycle on 10-11 Sep suggesting till we are below 11600 Bears have upper had and can push index towards 11530/11470. Bullish above 11630 for a move back to 11680/ 11740/11830/11920.
Big Fall again seen on 10-11 Sep where time cycle were meeting and all bearish target done. Now Bulls need to close above 11520 for an upmove towards 11570/11630/11740. Bearish below 11470 for a move back to 11400/11330/11250. Time Cycle date of 20 Sep is very important.
Trading Monthly charts
As Discussed in last analysis Just closed a tad bit below 11600, Above 11630 we can see move back to 11830/11888/11970. Bearish below 11570 for a mvoe back to 11500/11400/11330.
All Bearish target done.
Nifty Weekly Chopad Levels
Nifty Trend Deciding Level:11520
Nifty Support :11446,11385,11330
Nifty Resistance :11570,11642,11701
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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