Last Week we gave Chopad level of 11797 Nifty gave Short on Thursday as High made on Expiry day was 11789 and did 1 target on downside so average week for Chopad Followers. Let see how to trade in coming week as we approach important time cycle date of 09 May.
Nifty Harmonic
Nifty Gann Angles
Reacted from gann angle resistance zone, now bulls need to move above 11797 for a move towards 11856/11910/11964. Break below 11700 it can see fall towards 11650/11610/11570/11512
Planetary Cycles and Nifty Movements
Coming Week Bulls need to trade above 11797 for a move back to 11850/11894/11940/12011. Bears will get active below 11700 for a move back to 11650/11610/11570/11525.
Nifty Supply and Demand
Self Explanatory chart..
Nifty Time Analysis Pressure Dates
Nifty As per time analysis 06/09 May is Pressure date , impulsive move can be seen around these dates.
Nifty Weekly Chart
Coming Week Bulls need to trade above 11797 for a move back to 11850/11894/11940/12011. Bears will get active below 11700 for a move back to 11650/11610/11570/11525.
Trading Monthly charts
Bulls need to hold 11550-11570 range for whole of May month for bulls to keep an upper hand.
Nifty Weekly Chopad Levels
Nifty Trend Deciding Level:11797
Nifty Resistance:11856,11910,11960
Nifty Support:11740,11666,11610
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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