Last Week we gave Chopad level of 7441,
Nifty did all 3 target on upside rewarding trend follower with 200
points. Using the Golden Ratio we were able to predict the Top of Nifty
around 7800
Can Nifty form short term top around 7800 ? Lets analyze how to trade Nifty in next week.
Nifty Hourly Chart
Hourly charts shows strong support in range of 7600-7610. Holding the same we can see a bounceback till 7800 odd levels.
Nifty Elliot Wave Analysis
As per Elliot wave Theory B wave on hourly charts can get over near
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