Nifty Weekly Forecast for Budget 2017

Sunday, January 29 Leave a Comment

Last Week we gave Chopad Levels  of 8335, Nifty gave Long Entry on Monday as low made was 8327 and did all target by Wednesday thus rewarding disciplined Chopad followers. Nifty Time cycle which started on 10 Jan till 25 Jan gave 351 points move. Now we have new time cycle which started from 27 Jan and will end till 10 Feb. Traders should watch for break of 8490 for bearish move and till 8612 is held Bullish move will continue. Lets Analyze How to trade Nifty in coming week as we have Union Budget on 01 Feb.

Below links will help you in planning traders for Budget day
Historical Nifty Movement on Budget Day
Historical Bank Nifty Movement on Budget Day
Option Trading Strategy for Union Budget 2017

Nifty Hourly Chart

Hourly chart bounced from 8328

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