Nifty Weekly Forecast for Pre Budget Week

Last Week we gave Chopad level of 10930 Nifty gave Long on Monday and got Stopped Out and Short Trade on Tuesday/Friday we were able to do 2 target on Upside so average week for Chopad Followers. Lets see how we trade Nifty in coming week as we approach time cycle date of 29 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 10830 for a move towards 10888/10931/11000/11040/11100. Bears will get active below 10730 for a move back to 10666/10610.

Nifty Supply and Demand

Self Explanatory chart..

Nifty Time Analysis Pressure Dates

Nifty As per time analysis  29 Jan/01 Feb  is Pressure date , impulsive move can be seen around these dates.

Nifty Weekly Chart

It was negative week, with the Nifty down by 127 points  closing @10780.As discussed in Last Analysis For Coming week Bulls need to close above 10930 for a move towards 11000/11040/11100. Bears will get active below 10840 for a move back to 10777/10730.

Friday High 10931 so playing crucial Role, For Coming week Bulls need to close above 10830 for a move towards 10890/10931/10985/11040/11100. Bears will get active below 10730 for a move back to 10666/10610

Trading Monthly charts

Nifty Bulls need to close above 10881 in January month for the Monthly chart to turn bullish.

Nifty Weekly Chopad Levels

Nifty Trend Deciding Level:10777

Nifty Resistance:10856,11931,11040

Nifty Support:10721,10666,10610

 

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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