Sunday, January 11

Nifty Weekly forecast for 12-16 Jan

Last week we gave Chopad Levels  of 8416 Nifty triggered SL on upside and than rewarded discipline traders with 202 points.  Lets analyze how to trade Nifty in coming week.

 Nifty Hourly Chart

nifty hourly
Nifty Hourly charts moved between both support and resistance line in previous week and is trading above its 21/34 HEMA.8231/8242 is the support zone holding the same nifty can move towards 8400/8450 levels.

 Nifty Hourly Elliot Wave Chart

Nifty Hourly EW
Elliot wave chart  on Hourly is shown above suggesting..
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