Nifty was in sideways zone in better half of the week and Fed minutes
released on Wednesday night changed the course of world market and
Indian market also celebrated with a huge gap up of 100 points on
Thursday. Friday turned out to be quite an eventful one for the market.
Infosys managed to prop market sentiment with better-than-expected June
quarter earnings. The most interesting aspect was that the key economic
data were released after market hours on Friday and the data wasn't too
encouraging.
Last week we gave Trend Deciding level as 5857 Nifty
Nifty achieved 3 target on on upside after opening gap up above our
trend changer level of 5857. Lets analyze how to trade Nifty in coming
week.
Nifty Hourly Chart
Nifty Hourly charts is forming a..
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