Nifty Weekly Forecast as we approach Oct Month Closing

Last Week we gave Chopad level of 10323 Nifty gave Long entry did Whipsaw Short Entry and did all 3 target on Downside Lets see how we trade nifty in coming week as we approach important time cycle date of 29 Oct.

Nifty Harmonic

 

No Valid Harmonic Pattern Observed

Nifty Gann Angles

Break of  Gann Angle.Below 10000  fast move towards 9826

Planetary Cycles and Nifty Movements

 

As Discussed in last analysis Bears need to break 10250 for the move back to 10170/10090/10000. Bullish above 10404 for a move back to 10470/10525.

10004 done, Now for coming week Bulls need to close above 10090 for a move back to 10150/10200. Bearish below 10000 for a move back to 9930/9826.

Nifty Supply and Demand

Self Explanatory chart..

Nifty Time Analysis Pressure Dates

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

Nifty Weekly Chart

It was negative week, with the Nifty down by 273 points  closing @10030 .As Discussed in last analysis Bears need to break 10250 for the move back to 10170/10090/10000. Bullish above 10404 for a move back to 10470/10525.

10004 done, Now for coming week Bulls need to close above 10090 for a move back to 10150/10200. Bearish below 10000 for a move back to 9930/9826. 29 Oct important time cycle date.

Trading Monthly charts

October has been bad month historically now Bears have upper hand till we are below 10494 for a move towards 10088/9800.

1088 done waiting for 9826.

Nifty Weekly Chopad Levels

Nifty Trend Deciding Level:10090

Nifty Resistance:10147,10224,10290

Nifty Support:10010,9930,9826

 

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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