Nifty Weekly Analysis for 06-10 July

Last week we gave Chopad Levels  of 8330 , Nifty opened with gap down and show a swift recovery from the lows and gave a good entry to Chopad followers and did 3 target on upside. Nifty made high of 8497  almost  meeting our 2 Chopad Level of 8519  Lets analyze how to trade market in coming week as we will get results of Greek referendum before market opens on Monday.  We have shared the Goldman report discussing various scenarios, readers can read the report by clicking on the link How Markets Will React to Greek Referendum

Nifty Hourly Chart

 Breakout will come only on hourly close above 8500 as shown in above chart.

Nifty Hourly Elliot Wave Chart

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