Nifty Weekly Chart Analysis for Week Beginning 26 August
Nifty continued with its positive rise 4 week in a row with rise of
20 points WoW basis, gains were trimmed at the fag end of session.
Next week, the market will be focused predominantly on the Jackson Hole Symposium which will start on Wednesday and end on Saturday. Fed’s Bernanke and ECB’s Draghi will be the main focus.
Bernanke speaks on Friday at 10 AM.
Draghi will be speaking at 12:25 PM.
The fight for functioning of Parliament is getting dirtier each passing day with BJP asking for resignation and Congress adamant on its stance and making new strategies to counter BJP. If parliament does not function for coming week also, Capital market should get nervous as FII are pouring money in hope of reform cycle moving but without functioning of parliament ifs difficult for reforms to take place.
Nifty Hourly Charts are respecting its trendline,Support has become resistance. Hourly close was below 50 ...
Read the Full Story
Next week, the market will be focused predominantly on the Jackson Hole Symposium which will start on Wednesday and end on Saturday. Fed’s Bernanke and ECB’s Draghi will be the main focus.
Bernanke speaks on Friday at 10 AM.
Draghi will be speaking at 12:25 PM.
The fight for functioning of Parliament is getting dirtier each passing day with BJP asking for resignation and Congress adamant on its stance and making new strategies to counter BJP. If parliament does not function for coming week also, Capital market should get nervous as FII are pouring money in hope of reform cycle moving but without functioning of parliament ifs difficult for reforms to take place.
Nifty Hourly Chart
Nifty Hourly Charts are respecting its trendline,Support has become resistance. Hourly close was below 50 ...
Read the Full Story
posted by Bramesh at
11:38 AM
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