NSE India Nifty Trend Analysis -03 Dec 2012 Part -I

Indian Markets finally gave a 4.5% rally which we have discussed in last week analysis as per Moving Average Forecasting method. On Macro front Not much has changed with the continuing political impasse, GDP growth at three year low of 5.3 per cent for the September quarter and rupee on a downward spiral. But that's the beauty of stock market as stock price movement is just collective emotional response of millions of traders and investor  and one can not expect rational explanation for all market moves, But technically we can justify the move in prices and forecast ahead whats on cards.
Lets discuss Nifty Trading Strategy for December Month.

 Nifty Hourly Chart

Nifty Hourly charts  has formed a clear negative ...

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