Nifty weekly Updates (25-29 June) :-
Nifty Range –
4994 to 5297
Pivot
Point – 5125
Turning
Point - 5147
Positive
Above – 5186
Negative
Below – 5105
Bull
Turning Point – 5227
Bear
Turning Point – 5064
Nifty
has closed just at the Turning Point 5147. It has Immediate
Resistance at 5159 and then at 5168 – 5175. Nifty must cross 5188
and decisively close above it to continue its Upmove. Next Resistance
Levels will be 5198. Nifty must cross 5217 and stay above 5227 to
continue its further Up move to 5236 - 5256 – 5281.
If
Nifty manages to cross 5289 and close above 5311, further Upmove
Levels will be 5335 – 5353 – 5368 – 5382 - 5401.
Nifty
has Nearest Support at 5125
(Pivot Point) and then at 5109 – 5102 – 5097. Next Support Levels
will be 5074 – 5064/5056 – 5036. Nifty will become weak below
5032, and may go down to 5010 – 4990.
If
Nifty breaches 4984, it can go down to 4961 – 4948 – 4928 –
4904 – 4880 - 4851.
