Major Event which can turn the markets: BOE rate decision
In the NIFTY spot chart, a major pattern and a minor pattern is shown.
If NIFTY close above “T T”, we might see a huge rally.
But, if NIFTY breaches “NL”, then, we will most likely to see NIFTY falling to 4750 range.
Since a major decision like that of BOE in the wait, it is not a good idea to speculate.
We will see the weekly close.
Anyways, we might see big surprises tomorrow in connection with the above.
Disclaimer: The views expressed herein are to be used with your own discretion and neither analyst nor the publisher will be responsible for the outcome.
