Nifty Weekly Forecast For RBI Policy Week

Last Week we gave Chopad level of 11300 Nifty did all 3 target on downside so excellent week for chopad followers. Let see how to trade on in coming week as we have RBI policy.

Nifty Harmonic

No Valid Harmonic Pattern Observed.

Nifty Gann Angles

Fall stopped at Gann angle support on weekly time frame, Holding 10850 relief rally till 11360.

Planetary Cycles and Nifty Movements

Bulls will become active above 11025 for a move back to 11111/11183/11255/11360. Bears will get active below 10971 for a move towards 10920/10850/10791.

Nifty Supply and Demand

Self Explanatory chart..

Nifty Time Analysis Pressure Dates

Nifty As per time analysis 05 Aug is Pressure date, impulsive move can be seen around these dates.

Nifty Weekly Chart

Bulls will become active above 11025 for a move back to 11111/11183/11255/11360. Bears will get active below 10971 for a move towards 10920/10850/10791.

Trading Monthly charts

Nifty Bulls need to close above 11060 for trend to reverse and rally towards 11366.

Nifty Weekly Chopad Levels

Nifty Trend Deciding Level:11025

Nifty Resistance:11111,11183,11255

Nifty Support:10921,10850,10793