Nifty Weekly Analysis for RBI Policy Week

Last week we gave Chopad Levels  of 7930 , long taken as per Chopad levels got rewarded with 234 points as Nifty did all 1 targets on Upside and all 3 targets on downside. We have trading Holiday on 02 October.  Lets analyze how to trade market in coming week.

Nifty Hourly  Chart

 As discussed last week Nifty hourly EW chart shows if 8055 is not broken we can see downmove till 7800 in coming week.

Now if 8000 is not broken on closing basis we can go down till 7650/7539 and forming new low for 2015.

Nifty Hourly Gann Box

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