Nifty weekly Forecast after Worst fall in 7 Years

Last Week we gave Chopad Levels  of 7455 , Nifty gave short entry on Monday  and did all 3 targets by Wednesday thus rewarding discipline chopad followers by 175 points in matter of 3 trading sessions, Nifty was unable to close above the Chopad level of 7455 throughout the week. Nifty had the worst weekly fall in past 6 years and almost corrected 24 % from the  high of 9119. Lets analyses how to trade nifty next week.

Nifty Hourly Chart

Hourly chart are trading in perfect channel as shown in above chart, so holding 6869 we can see bounceback till 7150/7250.

Nifty Harmonic

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