Monday, April 14

Nifty Weekly Technical Analysis

Last Week we gave Chopad level of 6711, Nifty did 1 target on Downside and 2 on upside. Next week  being a Holiday Shortened week, will start with Infosys result and WPI inflation data for March 2014 at 12 noon on 15 April and CPI inflation data for March 2014 also on 15 April at 17:00 IST. Lets analyze how to trade Nifty for next 3 trading sessions.

Nifty Hourly Chart

nifty hourly
Nifty Hourly charts has closed above its 50 HDMA, which is bullish in short term.Any close above 6820 will bring back bullishness in market.Breaking 6640 will only bring bears in market.

Nifty Daily Chart

nifty daily

On daily charts, nifty is trading near its up
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