Nifty close below 7850 and 7777,Weekly Forecast

Last Week we gave Chopad Levels  of 7777 , Nifty gave Long entry on Monday did 2 target on upside by Tuesday. Lets analyses how to trade nifty in coming expiry week, We have 2 down weeks and 1 up week in May as of today.

Nifty Hourly Chart

As discussed in last analysis  I have drawn Angle Wedge chart on HOurly chart which suggest support is range of 7777-7740 and below that can see fast fall till 7600, Bullish till we held on to 7800 for move till 7921-7950.

Low made on MOnday was 7772..

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