NIFTY OUTLOOK FOR COMING DAYS

downloadAs expected no change in interest rate  happened yesterday by RBI. But there’s so much more to come in next week i.e FED and UK interest rate decision which is on 14th and 15th june respectively. These two will create volatility in world wide markets next week & as you can see the 4 hours chart of NIFTY. NIFTY already trading near all time high at 9642 and the indicators like MACD(sell signal generated) & RSI(bearish divergence) are suggesting sell. So i think nifty should go at around 9500 which is also the major support as mentioned above and on the upper side 9700 will work as a resistance.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s