Nifty Weekly Forecast for April Expiry

Last Week we gave Chopad Levels  of 9113, It was a dicey week of trading, Nifty gave Short entry on Tuesday after a volatile move and did the target of 9080 by Tuesday. Long for triggered on Thursday did 1 target on Upside. thus rewarding disciplined Chopad  Traders. Lets see how to trade in coming week as we approach the April Expiry. 

Nifty Hourly Chart

As discussed in last analysis    Bulls need to again hold 9113-9130 for  move towards 9268/9312/9368. Bearish below 9100 for a move towards 9020/8969.

Bulls held on the range on 9113 but failed to do the target of 9268. Bears also failed to give any close below 9100. Coming week 9071 will play crucial role holding the same move towards 9212/9268. Bearish below 9070 for a move till 8998.

Nifty Harmonic

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Bank Nifty Weekly Forecast for April Expiry

Last Week we gave Chopad Level 21620 Bank Nifty  gave Long entry and did 1 target on upside and made high of 21947 missing the 2 target of 22000. Shorts were initiated on Wednesday which did 1 target on downside and missed 2 target of 21350 as low made was 21390. Lets see how to trade in coming week.

Bank Nifty Hourly

As discussed in last analysis For coming week 21450-21500 held we will move towards 22000. Bearish below 21450 for move towards 21250/21000.

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Bank Nifty continue to trade below gann angle,EOD Analysis

As discussed in Last Analysis Bank Nifty opened above 21600 but as soon as 21600 was broken in 1 hour of trading fall started and low made was 21470 near our target of 21480. Till be trade below 21600 we can see a move towards 21350 which is important level both as per gann price theory and gann angles. Bullish above 21700 for a move towards 21900/22111.  High made today was 21558 so bulls were not able to break 21600 and bears continue to made lower low near 21396 near our target of 21350. Bullish only above 21600 for a move till 21750/21900. Below 21350 if we break we can see fast move towards 21150/21000.

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Will Nifty bulls able to give Weekly close above 9150,EOD Analysis

• FII's sold 3.3 K contract of Index Future worth 239 cores ,517  Long contract were liquidated  by FII's and 2.8 K Short contracts were added by FII's. Net Open Interest increased  by 2.2 K contract, so rise in market was used by FII's to exit  long and enter short in  Index futures. TIMELESS STOCK TRADING RULES of WD Gann

As discussed in last analysis Nifty continue to trade below 9150 and made low of 9075 before closing at 9105. Till we are below 9120 bears have upper hand can push nifty towards 9020/8970/8920. Bullish above 9150 for a move towards 9221/9268. High made today was 9143 so still we are below 9150 and bears also unable to close below

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Nifty held on to gann angle,ready for trending move

• FII's sold 1.3 K contract of Index Future worth 79 cores ,503 Long contract were liquidated  by FII's and 802 Short contracts were liquidated  by FII's. Net Open Interest decreased  by 4 K contract, so fall in market was used by FII's to exit  long and exit short in  Index futures. Employ your mind wisely or else it will Employ You

As discussed in last analysis  Low made was 9144 near to our support of 9130, so on monday if 9130-9100 is held which is also near the gann angle support as shown in below chart and with new time cycle starting we can see a good move in nifty in next 1-2 session. We might see price and time squaring which can see change in trend or existing trend showing fast move. Longs can be taken in range of 9120-9130 with 20 point sl for a move towards 9200/9268. Bearish below 9100 for a move towards 9020. Low made today was 9120

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