Sunday, September 13

Nifty held weekly trendline,Weekly Forecast for Fed Rate Hike Decision

Last week we gave Chopad Levels  of 7563 , Shorts were stopped out on Tuesday and long taken as per Chopad levels got rewarded with 200 points as Nifty did all 3 targets. Important Events For Next Week – All eyes on Fed, BoJ and Greece and we also have trading Holiday on 17 Sep.  Lets analyze how to trade market in coming week.

Nifty Hourly  Chart

nifty hourly
 Nifty hourly chart is in neutral mode as it closed around 21/34 EMA, also forming contracting triangle pattern whose targets are shown above.

Nifty Supply and Demand

Supply Demand

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