Weekly Nifty Report for 22/july/2013 – 26/july/2013
Markets settled the volatile week on a strong note led by strong nos. from heavyweight stocks and other domestic cues. Nifty future was able to hold on higher levels and closed above the crucial mark of 6000. On weekly charts, index is heading towards the upper band of channel pattern where 6130 is seen as strict resistance from where certain correction might happen but if it holds above this then it may lead towards previous highs of 6240. On lower side, support range for the coming week is seen in the range of 5930-5840.
CRUCIAL POINT: 6130
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Disclaimer:- These calls for learning Purpose Only.No real trade should be carry out on this bases.These are my personal views and one should do their own research before entering any trades based on them.Views express by all participants are for information & academic purpose only.