Nifty Weekly Forecast for 07-11 December

Last week we gave Chopad Levels  of 7950 , Nifty was volatile last week trading above and below the Chopad levels, Long Intitated during first half of week got Stopped out , Shorts were rewarded with  all three target done by Friday. Nifty made low of 7756 which was near our last Chopad level of 7760.Lets analyze how to trade market in coming week.

Nifty Hourly Chart

Nifty is forming an expanding trading range with higher higs and higher lows, if range of 7767-7750 is held we can see bounce till 7855/7912 range and above it should break 7995.

Nifty Harmonic

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