SUNDAY



WEEKLY UPDATE





Nifty futures last week moved to 8870 levels and then started to correct from 8870 prices



dropped to 8635 levels on week end closing even now prices looks bearish and we expect Nifty



to extend it correction up to 8490 levels, volatility will be high because of few index based



heavy weight indian inc 4th qtr results are expected to announce by this week .over all



trend remains bearish and support at 8490 levels and resistance at 8685 levels.




Weekly Call :



Nifty Sell at current levels 8640



and add further on rises up to 8660 levels



with stops above 8700



for targets 8550 , 8520 and 8490 levels