Nifty Weekly Technical Analysis before RBI event.

Sensex after closing at 2.5 Year declined 600 point from high as market participant sold shares after the RBI took additional steps to tighten liquidity to shore up the rupee. Rupee was the only gainer from last week closing at 5 week high.RBI policy on 30 June and Monthly closing at 31 will add more volatility to coming week. Action pack week ahead
Last week we gave Trend Deciding level as 6077 Nifty  Nifty achieved all 3 target on  on downside :).

 Nifty Hourly Chart

Nifty Hourly charts forming a..

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