Nifty Technical Forecast for Week 08-13 July

Last week we gave Trend Deciding level as 5869 Nifty  Nifty achieved 1 target on downside and another one on upside.We discussed the probability of Nifty trading in sideways zone, forming a range before breaking out or breaking down in particular direction. Lets analyze how to trade Nifty in coming week.

 Nifty Hourly Chart

Nifty Hourly charts is trading in perfect triangle pattern with support at 5750 and resistance at 5920. 50 HMA has been providng a good support in correction.

Continue Reading