Nifty Weekly Analysis for 31 Aug-04 Sep

Last Week we gave Chopad Level of 11343 nifty opened with a gap up low made was 11410 so NO Trade  for Chopad Followers. Nifty continue its uptrend and rallied another 300 points,coming week 02 Sep is important time cycle date.

Nifty Harmonic

PRZ Zone at 11699

Nifty Gann Angles

Back to Gann Angle Resistance 

Planetary Cycles and Nifty Movements

Price tool support Mercury Plannetary line and rallied to the resistance zone.

Nifty Supply and Demand

Self Explanatory chart..

Nifty Time Analysis Pressure Dates

Nifty As per time analysis 02 Sep  is Pressure date , impulsive move can be seen around these dates.

Nifty Weekly Chart

Closed above Weekly Resistanace

Trading Monthly Charts

Nifty Bulls need to hold 11610-11581  for the rally to continue towards 11752/11856/12000. Break of 11548 bears have upper hand can see fall towards 11476/11306

Nifty Weekly Chopad Levels

Nifty Trend Deciding Level: 11650

Nifty Resistance: 11699,11752,11821,11900

Nifty Support:11580,11525,11476,11420

 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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