Nifty Weekly Forecast for 16-20 Dec

Last Week we gave Chopad of 11910  Nifty did 1 target on downside and 3 target on upside so EXCELLENT week for Chopad followers. Lets Analyze how to trade in coming week as we have important time cycle date of 20 Dec.

Nifty Harmonic

Heading towards PRZ zone of 12167.

Nifty Gann Angles

Bounced from Gann Angle support of 11850 and now heading towards important gann resistance level of 12167/12240

Planetary Cycles and Nifty Movements

Bulls will become active above 12100 for a move back to 12160/12215/12270.Bears will get active below 12000 for a move towards 11940/11881

Nifty Supply and Demand

Self Explanatory chart..

Nifty Time Analysis Pressure Dates

Nifty As per time analysis 18/20 Dec is Pressure date , impulsive move can be seen around these dates.

Nifty Weekly Chart

Bulls will become active above 12100 for a move back to 12160/12215/12270.Bears will get active below 12000 for a move towards 11940/11881

Trading Monthly charts

Nifty Bulls heading towards monthly resistance of 12167-12200 till we are holding 12000.

Nifty Weekly Chopad Levels

Nifty Trend Deciding Level:12100

Nifty Resistance:12160,12215,12270

Nifty Support:12050,11995,11920

 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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