Nifty Weekly Outlook for 29 Sep - 01 Oct
Last week we gave Nifty Chopad level of 8100 and
Nifty did 3 target on downside rewarding trend followers by 179 points,
Coming week has only 3 trading days so trading will be limited, S&P
upgrade was a big positive for India and Our PM meeting Obama will be
keenly watched by market so market will trend to be volatile in next 3
trading session, If your capital is small better avoid trading for next 3
trading session.
Nifty Hourly charts made a V shaped recovery from channel bottom now facing resistance in zone of 7990-8020 range which is 21/34 ema confluene, Closing above it only can see an upmove till new highs.Move will be volatile in small trading range.
Hourly EW is showing correction is over and rise can be seen till 8110 odd levels.
Nifty Price Channel
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Nifty Hourly Chart
Nifty Hourly charts made a V shaped recovery from channel bottom now facing resistance in zone of 7990-8020 range which is 21/34 ema confluene, Closing above it only can see an upmove till new highs.Move will be volatile in small trading range.
Nifty Hourly Elliot Wave Chart
Hourly EW is showing correction is over and rise can be seen till 8110 odd levels.
Nifty Price Channel
As per Price Channel concept Nifty is entering in zone of
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posted by Bramesh at
2:17 PM
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