Sunday, June 28

Greece Bailout Drama reach climax, Weekly Analysis

Last week we gave Chopad Levels  of 8251 ,Nifty made high of 8423 almost  meeting our 3 Chopad Level of 8446  Lets analyze how to trade market in coming week as we also have monthly closing and Greece drama has comes to climax with Alex Tripas asking for referendum which can send shock waves to world financial market.

Nifty Hourly Chart

nifty hourly
Now as per Currently Hourly chart was unable to cross the 3x1 gann angle, support lies @4x1 gann line breaking the same can lead to fall near 8200 odd levels. Breakout will come only on hourly close above 8500.

Nifty Hourly Elliot Wave Chart

Nifty Hourly EW

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