Nifty Weekly Analysis for 18-22 Aug

Last Week we gave Chopad level of 7620, Nifty did  2 target on upside. Resurfacing of Geopolitical  risk and bad macro data was not able to stop the bull rally, Now we are near the crucial zone of 7800-7840 which will be fought fiercely between both bulls and bears. Lets analyze how to trade Nifty in coming  week.

 Nifty Hourly Chart

Nifty Hourly charts shows have been trading in a channel, now currently trading near  the channel top which is around 7820-7840, any break above it nifty can head towards 7900 odd levels. Bearish only below ...

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