Nifty Weekly Chopad levels for 08-13 Sep

 Nifty Hourly Chart

Nifty Hourly charts TRADING in channel and near channle 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 trendline 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

As per time analysis 10 Sep +-1 day Big move can be seen in Nifty.

 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

7150-7160 needs to be closely watched as per gann fan.

Nifty Gann Circle

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

Bulls will have to save 7422 for momentum to build in August Month as July Series formed a spinning top pattern.

 Nifty Weekly Chopad Levels

 Nifty Trend Deciding Level:8107

Nifty Resistance:8156,8205,8286

Nifty Support:8050,8000, 7950