Nifty Weekly Forecast for 16-20 Jan

Last Week we gave Chopad Levels  of 8256, Nifty gave Short Entry on Monday but got stopped on Tuesday as Nifty opened gap up and low made was 8261 suggesting short need to cut  and Longs were triggered which were rewarded as Nifty did the 3  target of 8432 High made was 8460 thus rewarding Chopad Followers. New Time Cycle rewarded Nifty Bulls as Bottom of this upmove was made on 09 Jan and from 10 Jan Nifty rallied 199 points in 4 days. Lets Analyze How to trade Nifty in coming week.

Nifty Hourly Chart

As discussed in last analysis   Coming week

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