Has Nifty formed short term top, Weekly Analysis
Last week we gave Chopad Levels
of 8806 Nifty did 2 target on upside. We saw a roller coaster ride in
last week with Bulls were on front foot till Thursday and Friday was the
day Bears came back strongly, So have we formed short term top or start
of new correction. RBI policy next week on 3 Feb will keep traders
alert. Lets see how to trade nifty in coming week.
Nifty Hourly charts has broken its both 21/34 HEMA as nifty was unable to cross its trendline resistance, Now nifty is at crucial support of 8774/8754 , breaking the same correction can run deep, able to hold another attempt will me made for new highs.
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Nifty Hourly Chart
Nifty Hourly charts has broken its both 21/34 HEMA as nifty was unable to cross its trendline resistance, Now nifty is at crucial support of 8774/8754 , breaking the same correction can run deep, able to hold another attempt will me made for new highs.
Nifty Hourly Elliot Wave Chart
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posted by Bramesh at
4:26 PM
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