Sunday, September 21

Nifty Weekly Analysis for September 2014 Expiry

Last week we gave  Nifty Chopad level of 8114 and Nifty did 3 target on downside and almost did 1 target on upside. Lets analyze how to trade in September Expiry Week.

 Nifty Hourly Chart

nifty hourly
Nifty Hourly charts made a V shaped recovery from channel bottom now facing resistance in zone of 8130-8150, Closing above it only can see an upmove till 8250 odd levels.

Nifty Hourly Elliot Wave Chart

Nifty Hourly EW
Hourly EW is showing if 8160 is not crossed correction tilll 8015.

 

Nifty Price Channel

NIfty Price Channel

 

As per Price Channel concept Nifty is entering in zone ...
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