Nifty Weekly Technical Analysis for Week Starting 3 October

Nifty Hourly

On Hourly charts range bound trading is taking place from 4905-5030-4905. Buying Support and Selling at Resistance is the apt stratergy which will work in this market.

Always Remember Traders loose money when thet try to take position in "anticipation" of breakout or breakdown and left in a tailspin when market fools them by going in direction opposite to there trade.

Best Strategy Buy near support with 10 Points Sl  if it gets taken out you have to change your position, If not you will end up doing successful trade.

Always manage your Risk before taking a trade.

On Hourly charts Support comes at 4870 where the gap low between 4905-4870. Below 4870 ...

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Rgds,
Bramesh
09985711341

http://www.brameshtechanalysis.com/

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