Nifty Weekly Forecast for 08-12 Aug

Last Week we gave Chopad Levels  of 8677, Nifty gave Long entry on Monday did the 1 target of 8710, High made was 8711 near our chopad levels and short triggered on Monday rewarded chopad followers handsomely as Nifty made low of 8518 near our final target of 8500 before giving an impulsive rally as explained in daily analysis using gann and harmonics . Last Week Chopad Level of 8677 was major resistance for bulls as Nifty failed to close above it most of the day and only on Friday closing hours was able to close above it. Lets analyze how to trade nifty in coming week.

Nifty Hourly Chart

As discussed in last Analysis Hourly Chart resistance at 8649

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