Nifty & Bank Nifty Weekly Technical Outlook for 02nd Dec, 2013

Nifty Daily Chart

Nifty Daily Chart

Bank Nifty Daily Chart

Bank Nifty Daily Chart

“Ham Me Hai Hero”

Every market runs on hope, greed and fear, for that matter, in fact every business runs on the same principles, and it is those who understand the psychology in best possible manner wins the race, turns out to be a hero of the game. For our markets, somebody calls FII’s as a Hero of the market, or sometimes we feel that they are purposely portrayed as a hero, basically their unity, understanding and money flow gives them upper hand to diktat the market. But, if our understanding is right, we have done our home work and remained objective than we can proudly say that “Ham Me Hai Hero”

Expiry is over, and now everybody is eyeing on Election results which are due in next week. Many speculations rolls around the market, about USD/INR situation, impact post result announcements. At this juncture traders are more concerned about their standing position other than nation’s future, hard fact, but reality. In this situation we are trying to analyze things in our way, with clear focus on what should be the trading strategy in the coming weeks.  If you wish to read more about our understanding than you need to register here

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We are covering Major Equity, Forex& Commodity Markets, Way2Profits filters information and streams meaningful conclusions right to your inbox. Technical Research is our realm and we fathom the depths.

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