Technical View: Nifty Weekly Forecast

Last Week we gave Chopad Level of 10201 Nifty did all 4 target on Upside as low made on 25 June was 10916 so Excellent Week for Chopad Followers. Coming Week 30 June is very important Astro Date.

Nifty Harmonic

As discussed in last analysis  Till we are holding 18 June low of 9845 Bulls can rally towards 10533/10800 to complete the pattern. 10533 done and we have completed another ABCD pattern,Unable to close above 10525-10533 range we can correct back to 10200/10100/9920.

Nifty Gann Angles

Closed above  Gann Angle resistance.10200-10225 will act as Support for coming week.

Planetary Cycles and Nifty Movements

Bulls will become active above 10297 for a move back to 10368,10424,10500,10559/10610. Bears will get active below 10250 for a move towards 10196/10146/10090/10000.

Nifty Supply and Demand

Self Explanatory chart..

Nifty Time Analysis Pressure Dates

Nifty As per time analysis 30 June  is Pressure date , impulsive move can be seen around these dates.

Nifty Weekly Chart

Bulls will become active above 10297 for a move back to 10368,10424,10500,10559,10610. Bears will get active below 10250 for a move towards 10196/10146/10090/10000.

Trading Monthly Charts

Nifty Bulls need to hold 10250-10300 range for the rally to continue towards 10300/10500. Break of 10200 bears have upper hand can see fall towards 10000/9936/9820.

Nifty Weekly Chopad Levels

Nifty Trend Deciding Level: 10297

Nifty Resistance : 10368,10424,10500,10559

Nifty Support :10250,10196,10146,10090

 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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2 thoughts on “Technical View: Nifty Weekly Forecast”

  1. Sir, Market closed around 10383 while the buy levels specified by you above 10297 to ………Kindly clarify whether the levels given are correct

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