Govt to announce economic package Nifty Weekly Forecast

Last Week we gave Chopad Level of 9400 Nifty opened with a gap down and did all 4 target on downside our final target was 9100 low made was 9116  so EXCELLENT week for chopad followers. Coming week we have 2 important astro date on 11/13 May.

Nifty Harmonic

Harmonic Pattern target done at 9200 and no new pattern observed.

Nifty Gann Angles

Planetary Cycles and Nifty Movements

Bulls will become active above 9301 for a move back to 9390/9484/9564/9666. Bears will get active below 9216 for a move towards 9146/9067/9000/8910.

Nifty Supply and Demand

Self Explanatory chart..

Nifty Time Analysis Pressure Dates

Nifty As per time analysis 11/13 May  is Pressure date , impulsive move can be seen around these dates.

Nifty Weekly Chart

Bulls will become active above 9301 for a move back to 9390/9484/9564/9666. Bears will get active below 9216 for a move towards 9146/9067/9000/8910.

Trading Monthly Charts

Nifty Bulls need to hold 9270-9300 range for the rally to continue towards 9970. Break of 9200 can see fall towards 8972/8650.

Nifty Weekly Chopad Levels

Nifty Trend Deciding Level:9301

Nifty Resistance : 9390,9484,9564,9666

Nifty Support :9216,9146,9067,9000

 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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