Nifty Weekly Outlook for Week Beginning 17 September

US FED Ben Bernake has opened another bazooka for Bulls with QE3. Indian Goverment unleashed slew of Reforms from Diesel Price Hike and FDI in Aviation and Multi Brand Retail so the wheels of government has started turning up. Nifty is poised to open with another gap up on Monday as SGX Nifty closed at 5655.  RBI meeting on Monday can add more fuel to rally if we have rate cut.

Whats in store for next week lets jump and see the Nifty technical outlook

 Nifty Hourly Chart

Nifty Hourly charts is heavily overbought with RSI,MACD  and Stochastic indicator consistently trading ...

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