Nifty Weekly Analysis before May F&O Expiry

Japan was the talk of the capital market last week, with Nikkie falling more than 1500 points in single day and post Lehman era scare was running down the streets. Indian Markets were also affected in global mayhem and Nifty falling and closing below 6000. Next week in May F&O expiry and market is bound to remain volatile, hence trade with caution.  Traders can access the following link to see Japan Stock Market Real time Charts.
Last week we gave Trend Deciding level as 6222 Nifty made a high of 6229,collapsed achieved all 3 weekly targets on downside

 Nifty Hourly Chart

Nifty Hourly charts is trading in prefect channel ..


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