Nifty Weekly Forecast for 01-04 Nov

Last Week we gave Chopad Levels  of 8737, Nifty gave short entry on Monday as it made high of 8636.95 which did 3 target on downside, as our target of 8555 and low made was 8550 before nifty recovered, Thus rewarding the disciplined Chopad followers.  Wishing all Chopad Traders a very very profitable year ahead. Lets analyze how to trade nifty in coming week as volatility with increase in coming month.

Nifty Hourly Chart

As discussed in last analysis   For coming week range of 8737-8748 is important zone of resistance as shown above Closing above it move towards 8840/8950, Unable to close above it going for 8500 again.

High made 8737 and nifty turned

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