Nifty formed second Hanging man,Weekly Forecast

Last Week we gave Chopad Levels  of 8717, Nifty gave Short entry on Monday did all 3 target on downside , High made was 8724 near our chopad levels  rewarded chopad followers handsomely as Nifty made low of 8540 near our final target of 8577 before giving an impulsive rally as explained in daily analysis using gann  . Last Week Chopad Level of 8717 was major resistance for bulls as Nifty failed to close above it. Lets analyze how to trade nifty in coming week.

Nifty Hourly Chart

Nifty is  heading towards 8760-8790 zone where next level

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