Nifty is now in bear market, Last bear market of 2008 we were down 61%, Current crises are combination of Health and Financial and number of Corna cases have crossed 6 lakh worldwide and its still not peaked out suggesting more pain to come. Nifty PE has come down to 19.6 it can go in 14-15 range. Bear Market rallies are fast and furious as we have seen last week trade with extreme caution limited quantity with proper risk and money management. We have trading holiday on 01 April in coming week
Nifty Harmonic
No Valid Harmonic Pattern Formed
Nifty Gann Angles
Resistance at 9000-9100 range
Planetary Cycles and Nifty Movements
Bulls will become active above 8430 for a move back to 8543/8745/8900/9100 .Bears will get active below 8310 for a move towards 8200/8101/8000/7820
Nifty Supply and Demand
Self Explanatory chart..
Nifty Time Analysis Pressure Dates
Nifty As per time analysis 30 March is Pressure date , impulsive move can be seen around these dates.
Nifty Weekly Chart
Bulls will become active above 8430 for a move back to 8543/8745/8900/9100 .Bears will get active below 8310 for a move towards 8200/8101/8000/7820
Trading Monthly Charts
Nifty Bulls need to hold 8300-8400 for this bounce in last week to last else we will move back to 7800-8000 range
Nifty Weekly Chopad Levels
Nifty Trend Deciding Level:8430
Nifty Resistance :8543,8745,8900,9100
Nifty Support :8311,8150,8000,7820
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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nse holiday is on 2nd april