Nifty Yearly Outlook and Forecast for 2020

2019 Nifty made  Bottom on 29 Jan based on Gann Price Time Squaring  and we saw almost 1500 Points move on upside when we formed top on 03 Jun @12103 perfect Gann Level  and we corrected 1500 points and bottomed on 23 Aug very Important Astro date. Nifty staged a spectacular rally after 20 Sep when we saw Corporate Tax Cut and the rally is still in progress. Nifty clocking double digit  gain of 13 % in 2019, Most of Retail Investors lost money in 2019 as Small and Mid Caps continued to bleed as Indies were down almost 50 % from there All time high and Individual Stocks correcting more than 60-80%,Dejavu of 2008.

Yearly Chart

Yearly chart have formed an Bullish Engulfing candlestick. As we can see in below chart whenever Nifty rallies in Double Digit we tend to see Consolidation/Correction in next year.

2020 being a Leap Year where We generally see Correction in January month. Valuation Wise also we are trading at the Higher End as Nifty is trading with a PE of 28 so upside seems to be capped between 13000-13100 till we see Expansion in Earning.

Monthly Gann Chart

Monthly Chart with Gann Angles is shown Breakdown below 12000 for a move till 11600/11100. Breakout above 12300 for a move towards 12666/13100.

Monthly Chart with Supply and Demand Zone

Monthly Trend line Support at 11600-11700 break of that can see fall towards 11100/10666/10100. Monthly Trend line Resistance is at 13310.

Nifty Projected Price Pattern

Important Dates as per Time Analysis :

Below dates can see Trend Change in Market.

10-Jan-20
14-Jan-20
29-Jan-20
10-Feb-20
18-Feb-20
25-Feb-20
08-Mar-20
24-Mar-20
07-Apr-20
26-Apr-20
4-May-20
25-May-20
04-Jun-20
19-Jun-20
30-Jun-20
12-Jul-20
22-JUl-20
04-Aug-20
16-Aug-20
23-Aug-20
12-Sep-20
20-Sep-20
01-Oct-20
15-Oct-20
25-Oct-20
1-Nov-20
10-Nov-20
26-Nov-20
10-Dec-20
19-Dec-20

Nifty Yearly Trend Change:12300

Nifty Yearly Resistance:12780,13310,13824,14300

Nifty Yearly Support:12000,11610,11100,10637,10000

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