Nifty unable to hold 7850/7777,Weekly Analysis
Last Week we gave Chopad Levels of 7921 ,
Nifty gave Long entry on Tuesday which did 1 target on Monday Longs
taken got Stopped out on Thursday and Shorts initiated on Thursday did 2
target on downside low made was 7788 which was near our 2 target of
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 Nifty is unable to close above 7978 where 1 rotation of price is getting completed, For Bulls to come back we need a close above 0 degree price above 8000.Close below 7777 can see market moving towards 7546. We did till 7678
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Nifty Hourly Chart
As discussed in last analysis Nifty is unable to close above 7978 where 1 rotation of price is getting completed, For Bulls to come back we need a close above 0 degree price above 8000.Close below 7777 can see market moving towards 7546. We did till 7678
posted by Bramesh at
11:15 AM
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