Nifty Weekly Forecast for RBI Policy on 05 April

Last Week we gave Chopad Levels  of 7690 , Nifty gave Short entry on Monday and did 2 targets on downside by Tuesday and made low of 7582 near our second target of Chopad level, Long were initiated on Wednesday did 1 target on Thursday hence rewarding disciplined chopad levels on both upside and Tuesday  . Lets analyses how to trade nifty in coming week .

Nifty Hourly Chart

Nifty hourly is trading in a uptrend channel as shown above, also trading near 21/34 ema, suggesting choppiness in market, Breakdown below 7588

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