Nifty Heading for Life Highs, Weekly Analysis

Nifty closed above  6100 first time in 2 years on the auspicious eve of Aksahy Tirtha , Developed markets are life time highs and nifty is also following suit. After RBI disappointment, Bulls were back on their feet and got the momentum back. Many traders are shorting the Nifty, thinking we cannot go further than this or this is short term top, I will request my readers to refrain from such trades, Just be with the flow or stay out of market but never ever go against the trend.

So lets see how to approach nifty trading for next week.
Last week we gave Trend Deciding level as 5978 Nifty achieved all weekly targets on upside.

 Nifty Hourly Chart

Nifty Hourly charts has broken the trendline from..

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