Nifty Weekly Analysis for 05-09 Oct

Last week we gave Chopad Levels  of 7880 , RBI surprised the market with 50 BPS rate cut,long taken as per Chopad levels got rewarded with 238 points as Nifty did all 1 targets on Upside, missed 2 target by 12 points   and 2 targets on downside were done. Lets analyze how to trade market in coming week as we have no trading holiday after 3 weeks :) 

Nifty Hourly  Chart

Nifty Hourly charts are shown above which have been trading in a range bound volatile mode from last 1 month, once this consolidation..

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