Nifty Market Analysis for 15-19 Oct
Last week we gave Trend Deciding level as 5946 Nifty
Nifty achieved 2 weekly target on upside and 1 weekly target on
downside so traders were able to capture both upside and downside move
:).
IIP data was a big shocker August #IIP growth at 0.6% vs 2.6% in July and No Deal on US Debt ceiling are big negative events devloped on Weekend, Inflation data will be coming on Monday and will lead to volatility in Stock market. Reliance Results will be declared on Monday after market close.
Next Week we are having Holiday on 16 October
Lets analyze how to trade Nifty next week.
Nifty Hourly charts is still trading above trendline crossover
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IIP data was a big shocker August #IIP growth at 0.6% vs 2.6% in July and No Deal on US Debt ceiling are big negative events devloped on Weekend, Inflation data will be coming on Monday and will lead to volatility in Stock market. Reliance Results will be declared on Monday after market close.
Next Week we are having Holiday on 16 October
Lets analyze how to trade Nifty next week.
Nifty Hourly Chart
Nifty Hourly charts is still trading above trendline crossover
posted by Bramesh at
5:24 PM
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