Nifty Weekly Analysis November Expiry

Last week we gave  Nifty Chopad level of 8416  Nifty continued with its upward journey and make new life highs. Reserve Bank of India is scheduled to release the current account deficit (CAD) numbers for Q2 September 2014 on Monday, 24 November 2014, also Winter session will start . We have the expiry week so expect volatile moves.

 Nifty Hourly Chart

Nifty Hourly charts has meet its trendline resistance @ 8490,Breaking the same we can see another round upmove  till 8546/8597.

 Nifty EW Chart

 

EW on Hourly chart is shown above..

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