RBI's Policy impacts on Nifty,Weekly Analysis

Last Week we gave Chopad Levels  of 8100, Nifty gave short entry on Monday  and did the 2 target on downside and missed the 3 target of 7896 by 20 points as low made was 7916 so disciplined Chopad Followers were rewarded again by Market.  Lets analyze how to trade nifty in coming week as RBI increased CRR rate by 100 BPS.

Nifty Hourly Chart

As discussed in last analysis   8048 done now close below 8039 can see fast move towards 7972/7927/7888. Bullish on close above 8100 for a fast move towards 8151//8222/8300

Low made was 7916 so nifty

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