RBI Governor and US Fed to decide the next move in Nifty, Weekly analysis

Last Week we gave the Weekly Trend Deciding level as 6207 Sensex Nifty for whole 5 days failed to close above 6207 and did 1 target on downside is quiet range bound week of recent times . Nifty has formed 4 DOJI candlestick pattern in last 5 session suggesting an confusion in market participants and reduction in fund flows. Next Week we have the RBI Policy on Tuesday and FOMC meeting decision on Thursday morning and also the October series expiry so exciting week ahead. Sensex for 1 time traded above 21000 in 3 years and Nifty made a new 52 week high. Muhurat trading session will be held on 3 November and 4 November being an Holiday on account of DIWALI. 

Nifty Hourly

Nifty for the first time has closed below its 50 HSMA...

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