Nifty Weekly Technical Analysis

Nifty was in sideways zone in better half of the week and Fed minutes released on Wednesday night changed the course of world market and Indian market also celebrated with a huge gap up of 100 points on Thursday. Friday turned out to be quite an eventful one for the market. Infosys managed to prop market sentiment with better-than-expected June quarter earnings. The most interesting aspect was that the key economic data were released after market hours on Friday and the data wasn't too encouraging.
Last week we gave Trend Deciding level as 5857 Nifty  Nifty achieved 3 target on  on upside after opening gap up above our trend changer level of 5857. Lets analyze how to trade Nifty in coming week.

 Nifty Hourly Chart

Nifty Hourly charts is forming a..


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