Sunday, September 14

Nifty Weekly Forecast for 15-19 September

Last week we gave  Nifty Chopad level of 8107 and Nifty did 1 target on downside in choppy week of trading  as weekly range was just 123 points, Lets analyze how to trade in coming week.

 Nifty Hourly Chart

nifty hourly
Nifty Hourly charts trading in channel and also seeing an convergence of 21/34 ema suggesting a range expansion will happen in coming week. Holding 8050 bounce back can be seen till 8200/8240,Break of 8050 will see a pullback till 7950.

Nifty Hourly Elliot Wave Chart

Nifty Hourly EW
Hourly EW is showing if 8128 is not crossed correction tilll 7984.

 

Nifty Daily Chart

Nifty Daily Bias
Nifty daily chart bias has turned from bullish to neutral..
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