Weekly Analysis for September 28th to October 2nd
The upcoming week will be focused more on the economic data release. The RBI policy meet, FII inflows, Auto sales figures and SC decision on interest waiver will play a role in manipulating the market sentiments as investors look for a recovery over economic concerns. As per technicals Nifty has formed Bullish candle in daily time frame however weekly has been bearish concerns.10,800 to 10850 has played out a good support level as Nifty bounced with good buying. Watch out for long positions until does not break this level.