Nifty Weekly Technical Analysis charts

Nifty touched 6000 first time since Feb month, RBI disappointed the street with just 25 BPS cut and hinting scope of further rate cut is limited. It has spoiled the bullish momentum on the Street.  May month has started and Stock market well know adage "Sell in May and Go away". So lets see how to approach nifty trading for next week.
Last week we gave Trend Deciding level as 5900 achieved all weekly targets on upside.

 Nifty Hourly Chart

Nifty Hourly charts has broken the..

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