Sunday, September 1

Nifty Weekly Outlook for 2-6 Sep trading

Last Week was the most volatile week in recent trading history with Nifty swinging wildly in range of 750 points and ending the week on flat note. Nifty was falling Against the backdrop of a falling rupee, FII selling and the passage of food security bill in the Parliament accentuated the selling pressure.
GDP growth dived to a four-year low of 4.4 per cent in the April-June quarter of 2013-14, against 4.8 per cent in the fourth quarter of the previous financial year.  INR touched an all-time low of Rs68.75 to the dollar and Petrol and Diesel prices raised from today.
US markets will be closed on Monday for the Labor Day holiday
Last week we gave Trend Deciding level as 5508 Nifty  Nifty achieved all 3 target on downside :).Lets analyze how to trade Nifty in Expiry Week.

 Nifty Hourly Chart

nifty hourly

Nifty Hourly charts is trading in perfect..
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