Nifty Weekly Analysis with key break out levels Part-I

Auspicious Muhurat trading sessions again started the fresh downtrend in Nifty as per History. Nifty made a top of 5708 on the Muhurat day and is down to 5559 in just 3 trading sessions. As i have discussed before Nifty tends to give 5-6% move pre or post Mahurat trading session. And we already had 2% downmove. The downfall in last hour of trading have left many traders wondering and surprised to see the extent and furiosity of fall. Do remember market make 80% of move in 20% of time and traders following trend changer levels  for positional trading or Quadrant system for Intraday should not be surprised by the move. Discipline and Trust on Trading System is all Required.
Global Events for coming week Click here .Expect lot of volatility in Indian markets as Indian Parliament will start its winter session from Thursday and statements by leading politicians will add to volatility in Nifty in extremely short term.

 Nifty Hourly Chart

Nifty Hourly charts has broken down below the crucial level of 50 Hour SMA@5715 ...


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