Nifty Weekly analysis for 2-6 December

Last Week we gave Weekly Chopad level of 6000 Nifty did the almost three target on upside.Next week will be very volatile hence traders are advised to trade with caution. Nifty monthly closing have lost the momentum as were unable to close above 6200  and Weekly charts are already in downturn and this being an pre election result week volatility will be name of the game. So trade with extreme caution in coming week

Nifty Hourly Chart

 

Nifty Hourly charts are showing negative divergence in leading indicators unable to cross 6207 and breaking 6160 negative divergence will come in effect.

Nifty Daily Chart Time Analysis..

Continue Reading