Nifty Weekly Forecast as we Approach New Time Cycle

Monday, November 14 Leave a Comment

Last Week we gave Chopad Levels  of 8448, Nifty did not gave entry till Wednesday as trading well above chopad level, Shorts got triggered on Wednesday which got stopped out on Thursday as market opened gap up giving loss of 120 points, But loss was immediately recovered on Friday as Nifty gave a perfect short entry at 8448 and did the 1 target of 8330 and closed at 8296, so disciplined Chopad Followers were rewarded again by Market.  Lets analyze how to trade nifty in coming week as Finally the effect of 25-26 Oct Time Cycle is coming to an end and Nifty will start a new cycle till 26 Nov. We can see continuation of current trend or trend reversal with 8300 being a trend change level for this new time cycle.

Nifty Hourly Chart

As discussed in last analysis    Coming Week 8434 will play crucial role below this market will touch 8287/8130, Above 8450 nifty will go towards 8568/8700.
Nifty traded with gaps most of the week

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