Last Week we gave Chopad Level of 11130 Nifty did 3 target on upside and 1 target on downside so Excellent week for Chopad Followers. Coming Week 06 Aug is very important Astro Date and high of last week 11341 is crucial as Nifty completed 26 week from High of 12430.
Fall started from ABCD PRZ Zone, Now bears need to break 11000 for a fall towards 10939/10887/10783.
Nifty Gann Angles
Reacted from Gann Angle Resistance as shown above.
Planetary Cycles and Nifty Movements
Reacted from Mercury Plannetary line, Now Stromng support at 11000-10989, Break of any side 150-200 points move.
Nifty Supply and Demand
Self Explanatory chart..
Nifty Time Analysis Pressure Dates
Nifty As per time analysis 03/06 Aug is Pressure date , impulsive move can be seen around these dates.
Nifty Weekly Chart
Took Resistance at Weekly Channel and low made was on 20 WSMA.
Trading Monthly Charts
Nifty Bulls need to break 11151 for the rally to continue towards 11260/11341/11449. Break of 10989 bears have upper hand can see fall towards 10832/10650
Nifty Weekly Chopad Levels
Nifty Trend Deciding Level: 11044
Nifty Resistance: 11131,11184,11237,11290
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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