Nifty Weekly Forecast for July Expiry

It was another Topsy turfy show by the market last week. RBI surprise with increase in interest rate 130 points gap down and slow and steady recovery in later half of week .The benchmarks held on to higher levels and moved in a tight range even as the swirl of negatives led by weak rupee and deteriorating macro numbers did their best to dislodge them.
Last week we gave Trend Deciding level as 6028 Nifty  Nifty achieved 1 target on  on upside, Lower targets were done by gap down but it was not a tradeable move.

 Nifty Hourly Chart

Nifty Hourly charts trading in a channel and upper end of channel comes at ..


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