Nifty Weekly Forecast for Diwali Week

Last Week we gave Chopad level of 10090  Nifty gave Short entry did Whipsaw Long Entry and did all 3 target on Upside so excellent week for chopad followers and as Low was also made on 29 Oct as per time cycle and Nifty Astrological Analysis where we foretasted bottom in place if 10000 not broken and we see biggest weekly gain of 2018 with a 500 point rally in a single week. Lets see how we trade Bank nifty in coming week as we approach Diwali Muhurat trading and Holiday on 08 Nov.

Wishing All Readers a Very Very Happy and Prosperous Diwali

Nifty Harmonic

Heading in PRZ zone of 10630-10645 unable to break can see fall back to 10301

Nifty Gann Angles

Back above Gann Angle

Planetary Cycles and Nifty Movements

 

As Discussed in last analysis 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.

ABove 10553 next traget 10610-10645 where both planetary line are meeting. Bearish below 10500 for a move back to 10450/10385/10301.

Nifty Supply and Demand

Self Explanatory chart..

Nifty Time Analysis Pressure Dates

Nifty As per time analysis 05 Nov is Pressure date , impulsive move can be seen around these dates.

Nifty Weekly Chart

It was positive week, with the Nifty up by 523points  closing @10553 .As Discussed in last analysis 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.

All Bullish target done and Low was also made on 29 Oct as per time cycle and Nifty Astrological Analysis where we foretasted bottom in place if 10000 not broken and we see biggest weekly gain of 2018 with a 500 point rally in a single week.  Nifty now is a strong supply zone of 10610-10645 closing above it will only will let bulls to rally further for 10730/10890. For coming week as we have holiday so trade light. BUllish above 10570 for a move towards 10645/10700 Bearish below 10500 for a move back to 10450/10385. 05 Nov Important trend change date.

Trading Monthly charts

Nifty Bulls should protect 10441 for the Nov month for bullishness to continue for a move back to 10777-10900. Bearish below 10410 for a move back to 10333/10222/10111

Nifty Weekly Chopad Levels

Nifty Trend Deciding Level:10570

Nifty Resistance:10656,10720,10777

Nifty Support:10512,10470,10410

 

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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