Nifty ready for pre budget rally,Weekly Analysis

Last week we gave Chopad Levels  of 8806  and discussed nifty is ready to make short term bottom on AAP Win How will market react to AAP win  Nifty did 3 target  on upside. We saw a roller coaster ride in last week with Nifty and Bank Nifty swinging wildly and both indices closing at weekly high and setting ground for pre budget rally.Lets analyze how to trade next week, Tuesday is Trading holiday on account of Maha Shivratri.

 Nifty Hourly Chart

Nifty Hourly charts has broken its both 21/34 HEMA on upside and is near strong trendline resistance from where Nifty has turned back 3 times before, Closing

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