Nifty Weekly Forecast for RBI Policy

Last Week we gave Chopad level of 11825 – Nifty made low of 11812 on Monday and give us long entry and did all 4 target on Upside, even Low made on Friday crash was 11829 so Bulls trades who were alert got another entry and made excellent money so awesome week for chopad followers. Lets see how to trade in coming week as we has RBI Policy in coming week. High made on Friday was 12039 which gave a good short entry as per Emotional High and Low concept of gann.

Nifty Harmonic

ABCD target of 12318 till we are holding election day low of 11614.

Nifty Gann Angles

Break out of Gann Angle suggesting higher level coming towards 12100/12300 till we are holding 11829. Below 11810 can see a move back to 11740/11666/11610.

Planetary Cycles and Nifty Movements

Coming Week Bulls need to trade above 11938 for a move back to 11994/12041/12102/12160. Bears will get active below 11910 for a move back to 11830/11777/11710

Nifty Supply and Demand

Self Explanatory chart..

Nifty Time Analysis Pressure Dates

Nifty As per time analysis  04/067 June is Pressure date , impulsive move can be seen around these dates.

Nifty Weekly Chart

Coming Week Bulls need to trade above 11938 for a move back to 11994/12041/12102/12160. Bears will get active below 11910 for a move back to 11830/11777/11710

Trading Monthly charts

Bulls need to hold 11829 range for whole of May month for June to keep an upper hand. Bears will get active below 11810 for a move towards 11615

Nifty Weekly Chopad Levels

Nifty Trend Deciding Level:11938

Nifty Resistance:11992,12041,12102,12160

Nifty Support:11885,11810,11777,11721

Levels mentioned are Nifty Spot