Sunday, January 4

Nifty Weekly Technical Analysis

Last week we did not share any weekly analysis, As per Historical data Important Swing low and high are formed in 1 week of January so keep a close eye on Nifty price action in coming week. Infosys results will be declared on 9 Jan, this time the timings have changed to 12:30 PM. Lets analyze how to trade Nifty in coming week.

 Nifty Hourly Chart

nifty hourly
Nifty Hourly charts is approaching its trendline resistance @8410/420 crossing the same the up move will continue till 8484/8530 else we might /see pullback again towards 8350/8280 odd levels.

 Nifty Hourly Elliot Wave Chart


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