Nifty Weekly Technical Analysis for Jan 7- Jan11 Part I

Nifty gave then Highest Weekly Close in last 104 weeks,Closing comfortably above the sacrosanct level of 6000.Nifty and Sensex  after 4 weeks of  consolidation phase, finally gave a breakout .US Fiscal deal gave a booster to Bulls round the globe. As per our last week discussion do not try to second guess the market and Clients who follow our Trend Following system were rewarded handsomely. Next week we will get the CPI numbers which will be closely watched. Economic Calendar for Week Jan 07-11 http://bit.ly/113Zy5K

Trends in motion will stay in motion, they will persist, until they reverse.

Lets discuss Nifty Trading Strategy for Next week.

 Nifty Hourly Chart

Finally 5930 and 5965 resistance

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