Nifty Technical forecast for July Month

Last week we gave Trend Deciding level as 5720 Nifty achieved 3 weekly targets on upside made exact high at 3 weekly target of 5852 :) and 2 target achieved on downside.Hope traders are able to mint money on both sides.  This is what i have said last week analysis Its has been observed for historical data Nifty rallies swiftly after 5 week of correction and this being an expiry week. So traders carrying short are advised to book out shorts and go long above Weekly trend deciding level. I have been an advocate of booking shorts from past 2-3 sessions and hope no traders reading analysis were stuck up with shorts.

 Nifty Hourly Chart

Nifty Hourly charts is now trading in a trendline crossover zone..


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