Nifty Weekly Forecast For Oct 1-Oct 5

Last Week we gave Chopad level of 11170 Nifty gave short entry and did all 3 target on downside and we also seen the effect of important time cycle date of 25 Sep market was in free fall, so excellent week for chopad followers. Lets see how we trade nifty in coming week as we approach important time cycle date of 03 Oct.

Nifty Harmonic

Any break of 10850 can see fast fall towards 10800/10730.

Nifty Gann Angles

Reacted perfectly from gann angle now. Range of 10850-10870 is good support holding the same boucneback all the way till 11004/11100

Planetary Cycles and Nifty Movements

 

As Discussed in last analysis Now Bears need a close below 11100 for a move back to 10930/10865/10700. Bullsih above 11170 for a move back to 11250/11320. 25 Sep is important time cycle date.

10865 done. Now 10850 is an important support and Nifty closed above 10930 as shown in above planetary chart as we have confluence of support in that zone. Now Bulls need to close above 10944 for a move back towards 11106/11060/11116. Bearish below 10850 for a move back to 10800/10730/10666.

Nifty Supply and Demand

As Discussed in last analysis Self Explanatory chart.. Bulls need to hold the green line 10930 else trend will change to bearish mode.

Bulls held on to 10930.

Nifty Time Analysis Pressure Dates

Nifty As per time analysis 03 Oct is Pressure date , impulsive move can be seen around these dates.

Nifty Weekly Chart

It was negative week, with the Nifty down by 212 points  closing @10931 .As Discussed in last analysis Now Bears need a close below 11100 for a move back to 10930/10865/10700. Bullsih above 11170 for a move back to 11250/11320. 25 Sep is important time cycle date.

10865 done. Now 10850 is an important support and Nifty closed above 10930 as shown in above planetary chart as we have confluence of support in that zone. Now Bulls need to close above 10944 for a move back towards 11006/11060/11116. Bearish below 10850 for a move back to 10800/10730/10666. 03 Oct is very important time cycle date.

Trading Monthly charts

We had a good close as we closed above the last week quarter closing of 10930, For October We need to hold to 10850 for bulls to show a rally towards 10930/11100. Bearish below 10

Nifty Weekly Chopad Levels

Nifty Trend Deciding Level:10944

Nifty Resistance:11004,11060,11166

Nifty Support:10866,10800,10730

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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