Nifty Weekly Forecast for 04-08 May

Last Week we gave Chopad Level of 9130 Nifty opened with a gap up but did not break low of Monday and see the an EXCELLENT rally. Coming week we have important time cycle starting from 04 May which will be in effect till 30 June.

Nifty Harmonic

Harmonic Pattern PRZ achieved,fall can be seen towards 9400/9201.

Nifty Gann Angles

Price is near the resistance zone support is at 9400/9250/9100.

Planetary Cycles and Nifty Movements

Bulls will become active above 9400 for a move back to 9521/9610/9690/9744. Bears will get active below 9277 for a move towards 9154/9100/9032/8900.

Nifty Supply and Demand

Self Explanatory chart..

Nifty Time Analysis Pressure Dates

Nifty As per time analysis 04 May  is Pressure date , impulsive move can be seen around these dates.

Nifty Weekly Chart

Bulls will become active above 9400 for a move back to 9521/9610/9690/9744. Bears will get active below 9277 for a move towards 9154/9100/9032/8900.

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:9400

Nifty Resistance : 9500,9610,9670,9743

Nifty Support :9323,9253,9157,9100

 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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