NIFTY Weekly Technical Analysis.

by Chirag on July 25, 2009

in Uncategorized

Last week we saw NIFTY Zooming up !
Companies are declaring good results.

Last week we saw NIFTY in bullish mode.
NIFTY gained over 10 % in a week
FII’s participation was moderate.
NIFTY TRIN at 0.372
NIFTY Range – Between 4410 and 4750

Current Spot – 4568
Support – 4450 and 4390
Resistance – 4695 and 4785
Reversal from either of these levels would provide the opportunity to initiate fresh short positions. (Resistance)

Chart :

Check NIFTY Autogenerated Technicals.

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