Nifty Weekly Technical Analysis for April Expiry

As expected last week, Indian market gained on sharp decline in commodity prices, esp. that of crude oil, which fell less than $100 a barrel (Brent). Higher than expected decline in inflation for the month of March, 2013 to 5.96 percent also aided higher rate cut expectations in the market, which led to sharp rally in rate sensitive stocks, esp. Banking, as per our Trend Changer level we were able to capture 800 points in Bank Nifty and 200 Points in Nifty Futures.
Last week we gave Trend Deciding level as 5545 achieved  all weekly targets on upside.

 Nifty 4 Hourly Chart

Nifty 4 Hourly charts has broken the  Fibo Regression Channels ...

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