Technical View: Nifty Weekly Forecast

Last Week we gave Chopad Level of 9025 Nifty did all 3 target on Upside so EXCELLENT week for chopad followers. Coming week we have 2 important astro date on 03/05 June.

Nifty Harmonic

As discussed in last analysis 18 May low is crucial from rally to come in Nifty towards 9300-9400. Harmonic worked perfectly and now 9620-9650 is PRZ Zone. Unable to break the same pullback expected towards 9377-9400.

Nifty Gann Angles

As discussed in last analysis Trading between gann angle,Break of 8900 fall towards 8600.. Break of 9100 rally back to 9300. 9300 done. Now need to move above 9666 for a move back to 9801-9889.

Planetary Cycles and Nifty Movements

Bulls will become active above 9610 for a move back to 9666,9721,9770,9843. Bears will get active below 9520 for a move towards 9470,9410,9377/9321.

Nifty Supply and Demand

Self Explanatory chart..

Nifty Time Analysis Pressure Dates

Nifty As per time analysis 03/05 June  is Pressure date , impulsive move can be seen around these dates.

Nifty Weekly Chart

Bulls will become active above 9610 for a move back to 9666,9721,9770,9843. Bears will get active below 9520 for a move towards 9470,9410,9377/9321.

Trading Monthly Charts

Nifty Bulls need to move above 9610 range for the rally to continue towards 9666/9770/9889. Break of 9520 bears have upper hand can see fall towards 9421/9330.

Nifty Weekly Chopad Levels

Nifty Trend Deciding Level: 9610

Nifty Resistance : 9666,9721,9780,9843

Nifty Support :9530,9470,9420,9370

 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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