Nifty Weekly Forecast for 18-22 May

Last Week we gave Chopad Level of 9301 Nifty opened with a gap down and did all 3 target on downside so EXCELLENT week for chopad followers. Coming week we have 2 important astro date on 18/20 May.

Nifty Harmonic

No new pattern observed.

Nifty Gann Angles

Trading between gann angle,Break of 8900 fall towards 8600.. Break of 9200 rally back to 9500.

Planetary Cycles and Nifty Movements

Bulls will become active above 9200 for a move back to 9301/9370/9484/9564. Bears will get active below 9050 for a move towards 9000/8925/8830/8725.

Nifty Supply and Demand

Self Explanatory chart..

Nifty Time Analysis Pressure Dates

Nifty As per time analysis 18/20 May  is Pressure date , impulsive move can be seen around these dates.

Nifty Weekly Chart

Bulls will become active above 9200 for a move back to 9301/9370/9484/9564. Bears will get active below 9086 for a move towards 9000/8925/8830/8725.

Trading Monthly Charts

Nifty Bulls need to move above 9270-9300 range for the rally to continue towards 9970. Break of 9200 bears have upper hand can see fall towards 8972/8650.

Nifty Weekly Chopad Levels

Nifty Trend Deciding Level:9086

Nifty Resistance : 9160,9241,9312,9400

Nifty Support :9000,8925,8843,8750

 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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