Nifty ready for correction,Weekly Analysis
Last week we gave Nifty Chopad level of 8355 and
Nifty did 1 target on downside rewarding chopad followers by 55 points
in a holiday shortened week, Lets analyze how to trade in expiry week as
we have CPI/IIP data coming on Wednesday.
Nifty Hourly charts has meet its trendline resistance @ 8365 unable to cross and break of 34 HEMA @8303 will see a quick fall till 8260/8270 levels where 21 HEMA lies, Breaking the same can see deeper cut else bounceback again on cards till 8365 levels.
Nifty Daily Chart
Nifty daily chart is also has formed a series of DOJI's and double..
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Nifty Hourly Chart
Nifty Hourly charts has meet its trendline resistance @ 8365 unable to cross and break of 34 HEMA @8303 will see a quick fall till 8260/8270 levels where 21 HEMA lies, Breaking the same can see deeper cut else bounceback again on cards till 8365 levels.
Nifty Daily Chart
Nifty daily chart is also has formed a series of DOJI's and double..
posted by Bramesh at
9:08 AM
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