Nifty held to 7777 but close below 7850,Weekly Forecast
Last Week we gave Chopad Levels of 7777 ,
Nifty gave multiple Long entry on Monday and Wednesday which did 2
target on upside and No Shorts got initiated as nifty never went below
7777. Lets analyses how to trade nifty in coming week, Will the age old
adage , "SELL IN MAY AND GO AWAY" hold true in May month.
As discussed in last analysis coming week once 7650 breaks we can see fast move towards 7500-7520. Bullish only on close above 7777.
Low made was 7753 so did not went below 7650 and once 7777 crossed we saw the fast move till 7921. I have drawn Angle Wedge chart on HOurly chart which
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Nifty Hourly Chart
As discussed in last analysis coming week once 7650 breaks we can see fast move towards 7500-7520. Bullish only on close above 7777.
Low made was 7753 so did not went below 7650 and once 7777 crossed we saw the fast move till 7921. I have drawn Angle Wedge chart on HOurly chart which
posted by Bramesh at
10:11 AM
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