Nifty Weekly Forecast for 16-20 Nov

Last week we gave Chopad Levels  of 7820 , Nifty gave long entry on Monday opening and rewarded the Chopad followers by doing 2 target on upside.Also gave  shorting opputunity and rewarded traders with 1 Tgt on downside. Our Prayers for the families who have suffered from the Paris attack.Lets analyze how to trade market in coming week.

Nifty Hourly Chart

As we discussed last week Nifty hourly chart continues to trade below the 21/34ema line, support is now at 7819/7767 range,till close is not above 21/34 ema its sell on rise market.
Nifty touched 34 ema on monday was unable to close above it and continued with its correction.Strong support in range of 7700/7681 holding the same bounce back can be expected.

Nifty Harmonic

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