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