Weekly Technical Analysis: NSE Nifty Part -I

After such an stupendous rise consolidation will be the name of game for the coming week, This is what we discussed last week analysis and Nifty made minor gains of 27 points in last week trading.
Industrial production on 12 Dec and wholesale price inflation numbers on 14 Dec would be seen with close eyes as these number will give Hint of RBI rate cut decision in December credit policy meet. Government’s ability to pass at least few of the pending bills on economic reforms in the ongoing parliamentary session and the response to the IPOs will also set the tone for trading in the week ahead.

Lets discuss Nifty Trading Strategy for December Month.

 Nifty Hourly Chart

I have discussed the importance of 50 HMSA ...

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