Nifty Weekly Forecast for November Expiry

Last Week we gave Chopad level of 10712 Nifty gave a long trade and did 1 target on upside and short triggered  did 3 target on downside. Lets see how we trade Nifty in coming week as we approach time cycle date of 19 Nov.

Nifty Harmonic

Shark Harmonic Pattern was formed 10385 is target for this down move till we are below 10646

Nifty Gann Angles

Holding gann angle support any close below 10500 can see downfall till 10385/10250/10100.

Planetary Cycles and Nifty Movements

As Discussed in Last Analysis Bullish  Above 10712 for a move towards 10777/10830/10930. Bearish below 10570 for a move back to 10500/10410.

Bullish target done and bearish also done. Now below 10512 can see fast move towards 10470/10410. Bullish above 10646 only for a move back to 10712/10777.

Nifty Supply and Demand

Self Explanatory chart..

Nifty Time Analysis Pressure Dates

Nifty As per time analysis  26/29 Nov is Pressure date , impulsive move can be seen around these dates.

Nifty Weekly Chart

It was negative week, with the Nifty down by 155 points  closing @10526 .As Discussed in Last Analysis . Now bulls need to hold 10712 for a move back to 10777/10850/10930. Bearish below  10600 for a move back to 10525/10470.

 Bullish target done and bearish also done. Now below 10512 can see fast move towards 10470/10410. Bullish above 10646 only for a move back to 10712/10777.We made top on 19 Nov our time cycle date and now 26 being another important date.

Trading Monthly charts

As Discussed in Last Analysis Nifty Bulls should protect 10600 for the Nov month for bullishness to continue for a move back to 10777-10900. Bearish below 10600 for a move back to 10525/10470/10410.

Till we are below 10600 heading towards 10470/10410 as we head towards monthly close.

Nifty Weekly Chopad Levels

Nifty Trend Deciding Level:10512

Nifty Resistance:10570,10621,10700

Nifty Support:10470,10410,10343

 

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.

Want to see post in your Inbox,Register by adding your email id in Post in your Inbox section

Follow on Facebook during Market Hours:  https://www.facebook.com/pages/Brameshs-Tech/140117182685863

Follow on Twitter  during Market Hours:  https://twitter.com/brahmesh

Leave a Reply