REVIEW - Nifty View 2018 ~ Weekly & Monthly Timeframe

We have already shared our view on Nifty View on Weekly as well as Monthly Timeframe in our post Incase if you have missed it please click here to read it. This post is just update to that post. 

Before we move to updated chart lets have look at old Nifty charts on weekly as well as Monthly Chart. 

WEEKLY CHART

VIEW AS PER WEEKLY CHART

Looking at medium term Nifty chart current pattern can be said as Channel Pattern and for that if Bulls manages to close above 10500 (Daily basis ~ conservative approach) then expected upside target comes at 11354. 

MONTHLY CHART

VIEW AS PER MONTHLY CHART

So looking as per above chart we can see that bulls may face resistance at 11072-11400-11930 levels with final target at 11930 levels. Please note these levels are resistance levels and may not come in near term as studied chart time-frame is monthly. 

UPDATED WEEKLY CHART

REVIEW ON VIEW SHARED AS PER WEEKLY CHART

We can see that Bears managed to touch lower trendline so practically Stoploss is triggered. So Weekly view went wrong.

UPDATED MONTHLY CHART

REVIEW ON VIEW SHARED AS PER MONTHLY CHART

Fibonacci Golden Ratio Resistance played its role and Bulls found it difficult to give weekly close above 11072 levels and then melt-down happened. 

FINAL VIEW ON ONGOING VOLATILITY/FALL 

ANY WEEKLY CLOSE BELOW 10100 WITH FOLLOWING WEEK ALSO ON RED MARK MAY GIVE NEW ENERGY TO BEARS AND THAT MAY RESULT INTO MORE DOWNSIDE. 

------------------------------------------------------------------------------

FROM 12th FEBRUARY 2018 WE ARE GOING TO CONDUCT ONLINE TECHNICAL ANALYSIS WORKSHOP DAILY FOR ONE HOUR FOR JUST 5000/- (SPECIAL FOCUS ON OPTION CHAIN AND OPTION TRADING) AND AFTER TRAINING 3 MONTHS FULL SUPPORT SHALL BE GIVEN SO AS TO UNDER ACTUAL IMPLEMENTATION OF STRATEGIES DISCUSSED DURING WORKSHOP. TO KNOW MORE CALL OR DROP WHATSAPP MESSAGE/TELEGRAM 08866145155  OR WRITE AN EMAIL NIFTY50STRIKER@GMAIL.COM 

------------------------------------------------------------------------------

RECORDING OF FREE WEBINARS CAN BE FOUND ON 
t.me/nifty50striker/2634
------------------------------------------------------------------------------

FOR LIVE MARKET UPDATE JOIN:- 

T.ME/NIFTY50STRIKER

TWITTER.COM/NIFTY50STRIKER

------------------------------------------------------------------------------

IN CASE OF ANY QUERY/SUGGESTIONS READERS ARE REQUESTED TO CONTACT US NIFTY50STRIKER@GMAIL.COM OR 08866145155

------------------------------------------------------------------------------

Please note this blog post is for education purpose only. While utmost care is taken while writing this post but any human error cant be ruled out and we apologize for same in advance.