Nifty Outlook Forecast for 31 Dec-04 Jan 2019

 Last Week we gave Chopad level of 10730 Nifty gave a Short trade on Monday did all 3 target on downside and Long on Wednesday did 2 Target on Upside, so EXCELLENT  week for Chopad Followers. Lets see how we trade Nifty in coming week as we approach time cycle date of 02 Jan.

Nifty Harmonic

Till we are holding 10600 we can scale towards 11000/11250/11318

Nifty Gann Angles

Trading near support zone

Planetary Cycles and Nifty Movements

Bulls need to trade above 10890 for a move towards 10940/11100. Bearish below 10800 for a move back to 10730/10666/10610

Nifty Supply and Demand

Self Explanatory chart..

Nifty Time Analysis Pressure Dates

Nifty As per time analysis  02 Jan  is Pressure date , impulsive move can be seen around these dates.

Nifty Weekly Chart

It was positive week, with the Nifty up by 109 points  closing @10859 .As discussed in Last Analysis  Coming week Bulls need to trade above 10800 for a move towards 10880/10941. Bearish below 10730 for a move back to 10666/10610.

Bullish and Bearish Target done.Bulls need to trade above 10890 for a move towards 10940/11030/11090. Bearish below 10800 for a move back to 10730/10666/10610

Trading Monthly charts

Nifty Bulls need to close above 10941 in December month for the Monthly chart to turn bullish. Lets see Closing on 31 Dec

Nifty Weekly Chopad Levels

Nifty Trend Deciding Level:10890

Nifty Resistance:10941,10999,11100

Nifty Support:10821,10760 ,10700

 

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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