Saturday, 27 August 2016

{LONGTERMINVESTORS} Nifty Weekly Analysis for 29 Aug -02 Sep

Last Week we gave Chopad Levels  of 8700, Nifty did not close above the chopad level during single session made high of 8685 and 8683 but sold off immediately , and gave chopad follower multiple entry on Monday and Thursday which did 1 and 2 target on downside respectively . Last Week Chopad Level of 8676 was major resistance for bulls as Nifty failed to close above it. Lets analyze how to trade nifty in coming  week as we approach Monthly closing.

Nifty Hourly Chart

nifty hourly

As discussed in Last Analysis Nifty is  trading in range


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Rgds,
Bramesh

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