Nifty & Bank Nifty Weekly Technical Outlook for 06th Jan, 2014

Nifty Daily Chart

Nifty Daily Chart

Bank Nifty Daily Chart

Bank Nifty Daily Chart

Year 2014 begins with downside surprise to most of the traders, as markets were expecting at least one upside move. Basically, in last couple of weeks, precisely post Diwali, market has build perplexity around it; there are traders who strongly believe that still we have to see huge round of sell-off as one higher degree of corrective move is still pending, and there are traders who totally negate the idea, based on their understanding and analysis. Now, there is another factor which is more important i.e. FII’s money flow, we all agree or not most of the times it is their analysis which drives the overall market.

Lets take some inference from technical studies and see where market is heading in coming week. To read our full article you need to fill in details here and our newsletter will be dispatched in your mail box by tomorrow. Click here to register,

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