Nifty Weekly Forecast for Union Budget 2021

Last Week we gave Chopad Level of 14410 Nifty gave Short  trade at Chopad Level did  all  target  on downside so “EXCELLENT WEEK” for Chopad Followers and we saw Impact of Astro and Gann date as discussed. Next we will have Union Budget 2021 so another big move will be seen.

A look at history: Nifty on budget day

A look at history: Bank Nifty on budget day

Nifty Harmonic Pattern

No Valid Harmonic Pattern Observed

Nifty Gann Angles

13323 is Gann Angle Support need to watch this level.

Planetary Cycles and Nifty Movements

Price heading to Plannetary support of 13323/13131 on break of 13585.

Nifty Supply and Demand

Self Explanatory chart..

Nifty Time Analysis Pressure Dates

Nifty As per time analysis 01/04 Feb is Pressure date , impulsive move can be seen around these dates.

Nifty Weekly Chart

Nifty did all target on downside as per last week analysis. Now Bears below 13585 can do 13323/13131/13000. Bulls above 13771 for a move towards 13907/14042/14150.

Trading Monthly Charts

Monthly Chart has formed a Shoting Star Pattern which will have bearish implication if unable to close above 13966 towards 12838.

Nifty Weekly Chopad Levels

Nifty Trend Deciding Level: 13608

Nifty Resistance: 13776,13944,14112,14280

Nifty Support:13440,13323,13225,13131,12936

 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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