Last Week we gave Chopad Level of 11155 Nifty did all 2 target on upside as low made was 11144 so Excellent week for Chopad Followers. Coming Week as we complete the gann Yearly cycle and also near Gann Seasonal Date good move should be seen.
Nifty is back to 80% Retracement zone.
Nifty Gann Angles
Back to Gann Angle Resistance
Planetary Cycles and Nifty Movements
Price tool support Mercury Plannetary line, Support in Zone of 11325-11343, Break of that can see fall back to 11260/11200/11144. Break of 11371 fall can extend towards 11444/11506/11585
Nifty Supply and Demand
Self Explanatory chart..
Nifty Time Analysis Pressure Dates
Nifty As per time analysis 25/27 Aug is Pressure date , impulsive move can be seen around these dates.
Nifty Weekly Chart
Took Resistance at Weekly Channel for 3 time and 13 Week also over.
Trading Monthly Charts
Nifty Bulls need to hold 11343-11325 for the rally to continue towards 11444/11506/11585. Break of 11300 bears have upper hand can see fall towards 11212/11144/11060.
Nifty Weekly Chopad Levels
Nifty Trend Deciding Level: 11343
Nifty Resistance: 11444,11506,11585,11641
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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