Tag Archives: RBI Interest Rate Policy

Nifty Weekly Technical Outlook for 08th June’15

Success is a journey, not a destination.  The doing is often more important than the outcome. – Arthur Ashe.

In the beginning of this month markets gave an indication of northward moves, but the hope of recovery lasted only for a day, and on Tuesday when RBI announced 25 basis point Repo rate cut, market gave up all the gains, and to some extent monsoon forecast which release just after the rate cut added further fuel in selling pressure. Nonetheless, I was expecting positive move, and my anticipation went wrong, however I was very well aware that I am taking a contra bet, as most of the factors were not in favor of bulls, but I prefer to take my stand. In the coming week some Global tensions will decide our forte, which is out of our control, in that scenario let’s see what technical charts are suggesting us and how we should position ourselves, against the odds.

nifty outlook for coming week way2profit

Nifty Daily Chart

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Nifty & Bank Nifty Weekly Technical Outlook for 06th Apr, 2015

Last week, we discussed about three possible scenarios which could take place, and Nifty maintained to stay float above 8269 levels. On 7th April RBI monetary policy would be announced and moreover market participants are expecting one another rate cut in this policy, now it is difficult to judge and say that how market reacts based upon the announcements, status-quo in the policy turns out to be disappointment, or market takes it lightly and move in its own rhythm. Now let’s take a look at what charts are suggesting.

nifty weekly technical analysis 06 april'15

 

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Nifty and Bank Nifty Technical Analysis for 18 Dec’13

Nifty as on 17 Dec’13– 6139.70 (-15.60)    Bank Nifty as on 17 Dec’13– 11208.65 (-164.30)

So finally, in today’s session we’ll see what market is reacting on the RBI Interest rate announcement. What we sense from the market is gradually Nifty has shifted its based towards downside, but move is so minuscule that we can’t confidently bet that Nifty will test 6070 levels, because last sessions move can prove as false move also, you can’t say. Similar situation happens in Bank Nifty.

Trading market at this juncture become little tricky, so if you follow some pivot trading strategy than follow strictly. Still we are hoping some rebound in the Nifty, let’s see, how it unfolds.

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