Nifty Weekly Outlook for 07 Oct -10 Oct

Last week we gave  Nifty Chopad level of 15696 and Bank Nifty did 3 target on downside rewarding chopad followers by 300 points. We have IIP Data coming with coal scam putting pressure on banks  Lets analyze how to trade bank nifty in coming week.

Bank Nifty Hourly

Bank Nifty hourly charts broke the support zone of 15450 saw a decline till 15200 odd levels and closed below this support zone,moving above 15600 bank nifty can move towards another life highs.

Bank Nifty Hourly Elliot Wave

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