Nifty Weekly Forecast as Corona Cases cross 7 Lakh

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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