Nifty Weekly Trading Outlook for Sep 10-14 Sep
Indian market rejoiced the appointment of the new RBI governor and
his optimistic road plan, as Nifty rallied almost 372 points from Sep
low of 5316 and Bank Nifty 1384 points and Rupee rallied more than 5%.
Also Next weak American government will decide to strike on SYRIA as there will be a final VOTE in the parliament for the go ahead for the attack. So keep a watch on the event which can lead to rally in Crude which will be negative for Indian Markets.
Indian markets will be closed on Monday on the auspicious eve of Ganesh Chaturthi
Last week we gave Trend Deciding level as 5508 Nifty Nifty achieved 2 target on downside and 2 target missed by 20 points :) Nifty Opened gap up above Weekly trend deciding level at 5553 and achieved 2 buy targets though only aggressive traders would have taken position on Buy sides.Lets analyze how to trade Nifty next week.
Nifty Hourly charts as shown above is facing both upward rising trend line and 50 DMA...
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Also Next weak American government will decide to strike on SYRIA as there will be a final VOTE in the parliament for the go ahead for the attack. So keep a watch on the event which can lead to rally in Crude which will be negative for Indian Markets.
Indian markets will be closed on Monday on the auspicious eve of Ganesh Chaturthi
Last week we gave Trend Deciding level as 5508 Nifty Nifty achieved 2 target on downside and 2 target missed by 20 points :) Nifty Opened gap up above Weekly trend deciding level at 5553 and achieved 2 buy targets though only aggressive traders would have taken position on Buy sides.Lets analyze how to trade Nifty next week.
Nifty Hourly Chart
Nifty Hourly charts as shown above is facing both upward rising trend line and 50 DMA...
posted by Bramesh at
9:10 AM
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