Nifty Weekly Analysis for October Expiry

Last week we gave Chopad Levels  of 8250 ,  Nifty traded in sideways market in range of 8217-8294 in low volatile week  gave multiple entry to Chopad followers as Nifty  was unable to cross the 1 target of Chopad levels @ 8293 formed 3 tops near 8294 and also not a single day closed below the Chopad level of 8250, before the Big gap up on Friday Nifty has closed at 8251.  Lets analyze how to trade market in coming week as we have October F&O Expiry. Traders do remember Lot size revision will take place from November Expiry and Nifty Lot size is revised to 75, For more details please read this

Nifty Hourly Chart

This is what we discussed last week Nifty Hourly charts are shown above says closing above 8250 we can see quick move towards 8280/8320 and

Continue Reading