Nifty Weekly Forecast after Budget Disappointment

Last Week we gave Chopad of 12260 Nifty opened with a Gap down did all 3 target on downside. We have seen a waterfall decline and near 200 DMA so we are in for Wild Ride in coming week.

Nifty Harmonic

PRZ around 11400.

Nifty Gann Angles

Gann Angle Support at 11600

Planetary Cycles and Nifty Movements

Bulls will become active above 11700 for a move back to 11750/118376/11924/12024.Bears will get active below 11600 for a move towards 11480/11400.

Nifty Supply and Demand

Self Explanatory chart..

Nifty Time Analysis Pressure Dates

Nifty As per time analysis 06 Feb is Pressure date , impulsive move can be seen around these dates.

Nifty Weekly Chart

Bulls will become active above 11700 for a move back to 11750/11836/11924/12024.Bears will get active below 11600 for a move towards 11480/11400.

Trading Monthly Charts

Nifty Bulls need to move above 11784 for this downtrend to get over and rally back to 12034. Bears below 11600 can push towards 11283.

Nifty Weekly Chopad Levels

Nifty Trend Deciding Level:11600

Nifty Resistance:11666,11749,11821

Nifty Support:11555,11480,11400

 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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