Nifty Weekly Technical Analysis for Week Beginning 18 June

The All Important Greece Vote will be conducted tomorrow, What results Financial Market accept  (Click on Link to see) .
We have the all important RBI policy on Monday market expectation are as follows

• Repo Rate :Exp 7.75%, Current 8.0%
• CRR :Exp 4.75%, Current 4.75%
• Reverse Repo :Exp 6.75%, Current 7.0%

Nifty Hourly Chart

Nifty Hourly Charts is forming an Inverted HnS Pattern with neckline breakout at 5146 which gives a target of 5246.  So Bulls should Watch out closely the break and sustain of 5146 and bears should hold 5146 to push nifty down.

Nifty Gaps

Nifty has the following gaps so any close below 5000 will lead to gap filling so keep a close eye on the gap levels mentioned below
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