Nifty Weekly Technical Analysis for Week Begining 28 November

As per Weekly Technical Analysis for 9 November (Click on Link) we have discussed the possibility of heading back to 4720 and breaking the levels again with a simple Logic of 200 and 50 DMA. You can read the full post by clicking on above link.

My article for MACD have been published in Futures maz Chicago You can read the post by clicking on the below Link

Trading with MACD(Click on the Link)

Nifty Hourly

Nifty Hourly charts are showing pattern of consolidation after waterfall decline we have witnessed and traded in last 10 trading days. Upside will be seen above 4768 to the upper end of trendline between 4855 on downside break of 4640 will lead to cluster of support zones till 4550 levels. After we have such a waterfall decline there are 2 Scenario possible:
1. Nifty forms a trading range of 200 points ..

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