Nifty Weekly Analysis for March Expiry
Last week we gave Chopad Levels
of 8595 Nifty did not reach chopad levels for most part of week and it
did on Friday and did 1 target on downside. Lets analyze how to trade
next week which is also Expiry for March Series.
Nifty Hourly charts is near its trendline support and trading well below 21/34 EMA, and is entering the demand zone and should be used by traders to cut down shorts. 8500/8470 is demand zone. As mentioned last week If we draw 16x1 gann line as shown in above chart support comes in range of 8542-8555 Nifty. Low made was 8553 on Nifty
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Nifty Hourly Chart
Nifty Hourly charts is near its trendline support and trading well below 21/34 EMA, and is entering the demand zone and should be used by traders to cut down shorts. 8500/8470 is demand zone. As mentioned last week If we draw 16x1 gann line as shown in above chart support comes in range of 8542-8555 Nifty. Low made was 8553 on Nifty
Nifty Hourly Elliot Wave Chart
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posted by Bramesh at
12:16 PM
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