Last Week we gave Chopad of 12389 Nifty opened with a Gap up at 12430 perfect level for Gann Price Time Squaring and did all 3 target on downside. Lets Analyze how to trade in coming week as we approach Important time cycle date of 29 Jan.
Nifty Harmonic
Corrected 300 points from PRZ Zone of 12400. No Valid Harmonic Pattern Observed.
Nifty Gann Angles
Gann Angle support at 12080.
Planetary Cycles and Nifty Movements
Bulls will become active above 12260 for a move back to 12321/12376/12430/12511/12.Bears will get active below 12200 for a move towards12141/ 12080/12000.
Nifty Supply and Demand
Self Explanatory chart..
Nifty Time Analysis Pressure Dates
Nifty As per time analysis 27/29 Jan is Pressure date , impulsive move can be seen around these dates.
Nifty Weekly Chart
Bulls will become active above 12260 for a move back to 12321/12376/12430/12511/12.Bears will get active below 12200 for a move towards12141/ 12080/12000.
Trading Monthly Charts
Nifty Bears corrected from Monthly resistance and now below 12200 can see fall towards 12080.
Nifty Weekly Chopad Levels
Nifty Trend Deciding Level:12260
Nifty Resistance:12321,12376,12421
Nifty Support:12200,12141,12080
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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