Nifty Hourly Chart
Levels mentioned are Nifty Spot
Nifty Hourly charts trading in channel and near channel bottom, Holding 8050-8030 range nifty can scale back to new high, else correction till 7950 on cards.
Nifty Daily Chart
Nifty daily chart is near its upper trend line and also Bulls indicator is making negative divergence suggesting caution at higher levels. Range of 8150-8190 is important resistance for nifty in coming week.
Nifty Daily Elliot Wave Chart
Daily chart are still trading in 3 Wave and dips till 7850 needs to be bought into.
Nifty Gann Date
Nifty Gaps
For Nifty traders who follow gap trading there are 7 trade gaps in the range of 7000-7800
- 7067-7014
- 7130-7121
- 7276-7293
- 7229-7239
- 7454-7459
- 7526-7532
- 7598-7568
- 7625-7654
- 7874-7881
- 7904-7916
- 7954-7984
- 8027-8036
Fibonacci technique
Fibonacci fan
Nifty is approaching the another gann circle resistance so next week is very crucial.
Nifty Weekly Chart
It was positive week, with the Nifty up by 132 points closing @8086. Nifty took exact support near Andrew Pitchfork support line and bounced back. Negative divergence have started coming on weekly charts, break of 7950 can see the divergence come in effect.Also we are approaching the 55 day cycle on Weekly charts also.
Trading Monthly charts
