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NIFTY analysis – weekly chart view

Nifty is trading on a key resistance of 7985 & if price is able to sustain above this level of resistance, we may see more higher prices towards 8300 layer of next resistance.Once price starts sustaining above 7985, we'll start looking for buy entry opportunites or else 7680 & 7500 layers of support may offer us buy entry opportunities in case price retrace down from current level. Overall trend is strongly up & traders should be looking for buy entry opportunities in every upward breakouts or retracement till price doesn't fall below 7450-7500 support levels. nifty on 26.5.2016

SUMMARY : READ price momentum context – RECOGNIZE the pattern going on – TRADE the pattern till it ends and to learn it all join me in my ADVANCE TRADING COURSE & trade with me real-time using higher & lower timeframe charts.

PLS NOTE : All chart analysis posted above are the author’s own idea of trading for educational purpose only &  not any form of advice or recommendations or opinion to anyone

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