Nifty outlook for coming weeks

NSE:NIFTY   Nifty 50 Index

After nice fall we are at important point. Where we have channel support, Fibonacci support and structure support too... which makes marked price levels important. Traders need to be alert near such supports.

In earlier analysis of nifty i shared dates on which we can see trend reversals (short/long term) , 2 dates mentioned in the analysis didn't worked but current fall started from third date. Following was shared in previous analysis.
For daily trend following dates are important, price reversals are expected around these dates.
6/7/2017 and 7/7/2017
20/7/2017 and 21/7/2017
31/7/2017 and 1/8/2017

From today following dates may play important role in price trend.

11/8/2017 and 15/8/2017
23/8/2017 and 24/8/2017
1/9/2017 and 4/9/2017

Traders who follow my analysis my get benefited due to this time analysis. Traders keep one thing in mind don't trade according to these dates, these dates are helping hand, use your own trading plan + my time analysis.

it has to work .
Today is 23rd and price is showing the sign of up move. Hope yet another time our price and time analysis will work... :-)
dhananjay.d.joshi dhananjay.d.joshi
@dhananjay.d.joshi, not another yet one more time

We moved up till 23% of fall, make note of imp levels above CMP. Today we closed near 23% but before closing we have touched the lower line of ascending channel. Which makes next trading day more imp.
We have gap down and price took support at expected levels. Let's see on Monday when our time analysis will be tested.
JPALAN dhananjay.d.joshi
u expect nifty to test 9400 or 9000 ? views
@JPALAN, i expected market to take support.
Thanks for snapshot of chart along with your analysis.
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