Sunday, June 29

Nifty Weekly Analysis as per Elliot wave and Gann

Last Week we gave Chopad level of 7506, Nifty did 1 target on upside and 1 target on downside in a highly volatile week. Worries of deficient rainfall, Iraq war and its effect on Brent Crude has kept markets on edge. .Lets analyze how to trade Nifty in expiry week.

 Nifty Hourly Chart

nifty hourly
Hourly charts are still trading in range, Range contraction is happening at present, Momentum will come below 7474 on downside and 7600 on upside.

Nifty Elliot Wave Analysis

Nifty Hourly EW
As per Elliot wave Theory correction is already done or we can revisit

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