Nifty Weekly Analysis

Last week we gave  Nifty Chopad level of 8026 and Nifty did 3 target of upside rewarding chopad followers by 179 points and in process making new life highs. Next week is Holiday shortened week as 4 Nov and 6 Nov are trading holiday and NSE doing disaster recovery so live data feed will not be avilable to most of traders.  We were able to catch the bottom of Nifty as per Nifty signal bottom formation, FII FnO Data Analysis Next week is first week in October month having 5 trading days and October expiry, so trade with extreme caution. Lets analyze how to trade in expiry week.

 Nifty Hourly Chart

Nifty Hourly charts has been on tear and rising like a phoenix with out signifcant correction..

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