How will Nifty react to economic and political news flow ?

Last week we gave  Nifty Chopad level of 7883 and Nifty did 2 target of downside rewarding chopad followers by 151 points. Nifty witnessed a volatile week due to wild swings seen in global markets. Tomorrow market will open reacting to both political and economic news. Diesel deregulated, natural gas price hiked and BJP set to form government in both Maharashtra and Haryana and taking Modiji dream of "Congress Mukt Bharat" one step closer. Lets see how to trade market next week. 24 October  is again a trading holiday.

 Nifty Hourly Chart

Nifty Hourly charts 21/34 EMA have gone flat, trendline support exists @ 7723/30  range, Bulls will get active above ..

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