Nifty Weekly Technical Outlook for 15th July, 2013

Nifty Weekly Chart as on 12 July,13

Nifty Weekly Chart as on 12 July,13

Nifty Daily Chart as on 12 July, 13

Nifty Daily Chart as on 12 July, 13

Grinding is over, and Speculation Begins…

After last week’s grinding move, finally Nifty gave breakout. Basically, last two weeks were nerve breaking for all traders. Every week, we learn something from markets and something from our mistakes. To become good trader, you should always try to learn from your mistakes.  According to our understanding, last week’s lesson was Patience. In all the conditions traders has to keep patience and wait for right opportunity and grab it like a panther when it comes.

Let’s take a Technical View on Nifty.

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