Will Sell in May and Go away hold true, Weekly Analysis
Last week we gave Chopad Levels
of 8286 , Nifty did 2 target on downside and rewarded Chopad
followers. Lets analyze how to trade market in coming expiry week.
Nifty Hourly charts has broken on downside and below its 21/34 EMA, till 8309 is not broken trend remains on downside. We are also entering supply area as shown in above chart.
8120/8140 will play a vital role in coming week, Holding the same we can see 8250/8309 and above it nifty can move to 8065/7965 range.
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Nifty Hourly Chart
Nifty Hourly charts has broken on downside and below its 21/34 EMA, till 8309 is not broken trend remains on downside. We are also entering supply area as shown in above chart.
Nifty Hourly Elliot Wave Chart
8120/8140 will play a vital role in coming week, Holding the same we can see 8250/8309 and above it nifty can move to 8065/7965 range.
Nifty Pyrapoint Analysis
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posted by Bramesh at
11:20 PM
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