SUNDAY




WEEKLY UPDATE



Nifty last week opened at 8670 levels went up to 8850 levels and closed at 8602 levels



It has formed a clear head and shoulder pattern and has given a breakdown at 8660 levels,



prices now looks bearish and is expected to test immediately 8480 levels with strong



resistance above 8660, Rsi for nifty also was trading well below the 50 mark confirms



the bear run so for the week ahead one can sell Nifty current month contract



(Expires THursady)at 8600 – 8610 with stops above 8675 for targets 8510 and 8480 levels.



Weekly Update



Sell Nifty(26 mar contract ) between 8600 – 8610




with stops above 8675



for targets 8510 and 8480.