Nifty Weekly Technical Analysis

Last week we gave Chopad Levels  of 8335  , Nifty opened with a gap @8380 did all 3  target on upside and rallying 334 points from the low seen in last week. We have RBI policy scheduled on Tuesday so lets analyze how to trade in new financial year.

 Nifty Hourly Chart

Nifty Hourly charts is trading in channel and above its 21/34 EMA also forming an inverted flag and pole pattern on Hourly chart.8630 is 200 HEMA and should be watched, range of 8630-8666 watched before RBI policy.

 Nifty Hourly Elliot Wave Chart

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