Nifty Forms Inverted Hammer,Weekly Analysis

Last week we gave Chopad Levels  of 8546 , Nifty opened with gap down and show a swift recovery from the lows and gave a long entry to Chopad followers  which got stopped out and gave short entry on Tuesday and did 2 target on downside. Nifty made low of 8316  almost  meeting 2 Chopad Level of 8323. Lets analyze how to trade market in coming week as we will get to know if Greek will get Bailout from its creditors before market opens on Monday. As of now Eurogroup Meeting Ends Without Agreement

Nifty Hourly Chart

 Breakout will come only on hourly close above 8412 as shown in above chart based on gann angle. Support in zone of 8313-8283.

Nifty Hourly Elliot Wave Chart

Hourly charts on Elliot wave shows we are heading towards 8600/8636 once 8413 is crossed and sustained.

Nifty Pyrapoint Analysis

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