Nifty Weekly Support Resistance from 22nd Aug

As we have seen breakout in BankNifty in previous week we may expect the same

 in Nifty in coming week.

Last week Nifty Major Resistance was 8710/8750 Nifty failed to close above that.

So if Nifty sustain above the 8710/8750 we may see breakout for Target 8880.

otherwise Nifty may Test 8470 and more be cautious.

On 31st July report mentioned that be cautious as Nifty almost complete

 the reaction  of downfall 8294-7927.From 31st July to till now Nifty was in

time correction.

We may expect a breakout or breakdown of the range in coming week.

If Breakout above 8710/8750 and sustain then watch

Conservative  level -8880

Extended  level -8950

Support-8590-8500

 Note-This above is my personal view for Educational Purpose Only.Read Disclaimer.

 

Nifty Weekly Gann Analysis from 16th Aug

As per previous weekly report as we have seen breakout above 8710 but unable

hold to cross immediate resistance 8750 for good upmove. Then break Balance

point 8625-8640 but  again protect the previous Balance Point 8510.Broadly

 Nifty move in between 8510-8625-8710 with due respect to 8460-8470

 as per our previous report.

What Next???

As Nifty moving in between two balance point 8510-8625 then we may expect

breakout this time above 8710 and hold if not then 8460/8470 may touch.

weekly Support-8590
weekly Resistance-8710/8750
Positional Resistance-8880-8950

Note-This above is my personal view for Educational Purpose only.Read Disclaimer.

Nifty Weekly Demand supply from 8th Aug

As discussed in earlier weekly report that Nifty should respect 8460/8470 hold

 the breakout upper level 8460 for upside.

Again discussed that if the above is not holds good then from balance point

8625-8640 nifty to and fro.Nifty achieved our 1st target 8590 and previous balance

 point 8510(Nifty low made 8518).Nifty taken support before our previous Balance

point 8510 and Bounce to closed above recent balance point 8640.

What Next???

As Nifty closed above the Balance point 8625-8640 then upper side immediate

Resistance at 8710-8750.

To complete harmonic pattern above 8710 Nifty may touch 8880. Consecutive trade

 Below 8625 nifty may drag to 8460/8470.

Resistance-8850/8880-8950

Support-8610/8590

Note-This above is my personal view for educational purpose only.Read Disclaimer.

Nifty Weekly Gann Demand and Supply

As discussed in previous weekly post that Nifty should respect 8460/8470 for upside

 breakout above 8625-8640.Nifty after three consecutive attempt on 25th,26th,27th

July finally closed above 8640(as said in weekly report that to close watch on

 upper level of Breakout level 8640).

As we have seen breakout and closing above 8640,but our first resistance level

 8700(although High made 8675) not achieved.

What Next???

Now 8625-8640 act as a Balance Point from where Nifty to and fro to 8840 on

upside and 8460 on lower side.

Nifty(8328 on 1st July) almost achieved our 2nd July Medium term Outlook click here

Target of 8700 and BankNifty Target of 19200(BN was 17985 on 1st July).

Be cautious  as Nifty almost complete the reaction of downfall from 8294-7927.

Resistance-8750/8840

Support-8590/8500/8460

Previous Balance level-8500/8510

Note-This above is my Personal View for Educational Purpose only.
Read Disclaimer.

Nifty Weekly Gann Analysis

As discussed in previous post that Nifty PRZ was 8550,Nifty should respect

8460/8470 for next upside move.

Nifty broadly move in a tight range of upper level 8594,lower level of 8476

from 12th July, almost respect our lower level support 8460/8470 and closed

above 8500/8510 support level( as said on 14th July report click here)

As said earlier on 13th July report click here that as long as Nifty above 8460/8470

probability are more for upside breakout. We are stick to that level although

minimum Target of 8550/8585 has been Achieved.

What Next ???

If Nifty Break on lower side support of 8460 then next support at 8420/8400,

Closely watch the Upper level  8625-8640 for upside breakout  and should hold for

Next Resistance of 8700/8800.

Breakout level to watch-8625
Support-8460/8420-8400
Resistance-8700/8800

Note-The above analysis are my personal views for Educational Purpose only.
Read Disclaimer on Blog.

BankNifty Potential Reversal Zone EOD

As discussed in last report that Nifty may face PRZ 8550.

Nifty taken Resistance from 8550 and support before 8460 yesterday.

Now for Next Resistance to cross nifty should sustain above 8550.

Intraday support-8510/8500

posistional support -8470

Resistance-8585/8625/8700

BankNifty>>>

As discussed 11th july report click here that lower level target was 18300/18450

and Higher level target was 19200.BN almost achieved 18450.

What Next?

Now BN may face PRZ(Potential Reversal Zone) of 18850-18950 to cross for

Traget of 19100/19250.

Intraday Support-18750

Positional support-18600

Resistance-18850-18950(PRZ)/19100/19250


PRZ (Potential Reversal Zone) ,doesn't mean that Nifty/BN Reversal from PRZ.

It may or may not be.It is just a cluster Resistance Zone.

Note-The above is my personal view for Educational Purpose Only.Read Disclaimer.

Nifty 13rd July EOD update

As discussed in previous report that Nifty may face PRZ of 8530/8550  and support at 8460.

Today Nifty made high of 8550 in line with our PRZ upper level 8550.

What Next???

Nifty should sustain above PRZ 8550 for next Resistance 8585/8625/8700 with

due respect the support level 8460.

As long as Nifty above 8460 probability are more to break PRZ 8550 on upside.

Intraday/Positional Support -8460

Resistance-8550(PRZ)/8585/8625/8700.

PRZ (Potential Reversal Zone) ,doesn't mean that Nifty Reversal from PRZ.

It may or may not be.It is just a cluster Resistance Zone.


Note-The above is my personal view for Educational Purpose Only.Read Disclaimer.