Sunday, June 1

Nifty Weekly Forecast for RBI Policy week

Last Week we gave Chopad level of 7376, Nifty did 2 target on upside and 3 target on downside .Outcome of RBI's monetary policy review to dictate trend.Lets analyze how to trade Nifty before Modiji PM swearing ceremony and expiry week.

Nifty Hourly Chart

nifty hourly
Nifty Hourly charts will given a breakdown  above 7193 and now heading towards 7130 and 7067. On Upside breakout comes above 7246 for intital target of 7325 and 7376.

Nifty Elliot Wave Analysis

Nifty Hourly EW
As per EW analysis it shows short term correction is over till

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