Nifty Weekly Technical Analysis for Week Starting 09 April

Last Week Analysis  as we discussed the First Week of new financial year do end up on positive note and Nifty did follow the history to close with a minor gain of 0.5%.Next Week we have the Q4 results pouring into starting with Infosys on 13 April   with RBI Credit Policy  on 17 April as the most important trigger for next 2 weeks.
In Continuation with the trend I came out with one more Study  how Nifty trades in the April Month.Results were quiet fascinating and are summarized as below

Time Period:31-Apr-00 to 31-Apr-11

Max Gain :17.46% 31-Apr-2009

Max Loss :6.87%   30-Mar-2000

Average Gain :1.62%

So Out of 11 Years 6 year was negative rest 5 years  ended in positive.Another interesting aspect the From 2006-2010 Nifty  ended April on Positive note and from year 2000-2004 ended on negative note. As 2011 was negative so we have 50-50% chances of April ending on Positive note. 5178 Nifty Spot holds the key for April

Nifty Hourly

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