How to trade Nifty in US Presidential Election Week

Sunday, November 6 Leave a Comment

Last Week we gave Chopad Levels  of 8650, Nifty gave short entry on Tuesday  which did 3 target on downside,  Thus rewarding the disciplined Chopad followers in new samvat.  Lets analyze how to trade nifty in coming week as finally the overhang of US election will be over by Wednesday and nifty closing at very crucial number of 8434 signifying 500 point trending move is round the corner.

Nifty Hourly Chart

nifty-hourly
As discussed in last analysis   Coming week 8650-8660 is crucial zone, closing above it move towards 8737/8800 and below it move towards 8550/8448.
High made was 8670 and below 8650 nifty did the target of 8448. Coming Week 8434 will play crucial role below this market will touch 8287/8130, Above 8450 nifty will go towards..

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