Nifty was  up 7.3%  during the week after 4 weeks of consecutive loss taking cues from the global stock markets. Revival in foreign fund flows and bargain hunting at lower levels drove markets higher. It would be interesting to see how the next week pans out lets see how we are technically positioned for trade next week.
 Dec 8  ECB will meet is widely expected to cut Intrest rates by 25 bps
 Dec 9 outcome of European Summit will decide the further trend of Global Markets
We have trading Holiday on Tuesday so …

As per Weekly Technical Analysis for 9 November (Click on Link) we have discussed the possibility of heading back to 4720 and breaking the levels again with a simple Logic of 200 and 50 DMA. You can read the full post by clicking on above link.

My article for MACD have been published in Futures maz Chicago You can read the post by clicking on the below Link

Trading with MACD(Click on the Link)
 
Nifty Hourly
Nifty Hourly charts are showing pattern of consolidation after waterfall decline we have witnessed and traded in last …